Analytical Reviews

Bekommen Sie die neuesten wirtschaftlichen Nachrichten von ForexMart, einschließlich Updates aus Finanzmarkt, Zentralbankpolitiksankündigungen, finanzielle Indikatoren und andere relevante Nachrichten, die die Branche beeinflussen können.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

Producer prices in Germany in July fell the most since 2009


August, 21 2023
watermark Economic news

In July, producer prices in Germany fell by 6% year-on-year, which was the largest decline since 2009.


According to Destatis, this decline followed a slight increase in June by 0.1%. Compared to June, prices fell by 1.1%, while in June they fell by 0.3%. Experts expected a drop of 5.1% YoY and a decrease of 0.2% in monthly terms.


Analysts note that the main reason for the decline in prices is a sharp drop in the cost of energy by 19.3% compared to last year's values. Wholesale electricity prices have fallen by 30%. However, if energy carriers are not taken into account, producer prices actually increased by only 2% YoY.


The cost of food increased by 9.2%, car prices increased by 5.1%. Intermediate goods became more expensive by 3.4%, production equipment – by 5.5%.


hinterlassen

ForexMart is authorized and regulated in various jurisdictions.

(Reg No.23071, IBC 2015) with a registered office at Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines

Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.


© 2015-2024 Tradomart SV Ltd.
Top Top
Risk Warning:
Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.
Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.