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 September collapsed by a record 14.7%


October, 20 2023
watermark Economic news

According to the German Federal Statistical Office, producer prices in Germany in September showed a historic low, falling by 14.7% year-on-year. Analysts had expected a more moderate decline of 14.2%.


This was the strongest drop in producer prices in the entire history of observations since 1949. In August, enterprises reduced prices by 12.6%.


The main contribution to the overall decline was made by a 33.5% drop in the cost of energy carriers, including a significant decrease in electricity prices by 46.2%. There was also a decrease in the cost of intermediate goods by 4.2%, including metals (-11.2%), fertilizers and nitrogen (-42.9%) and wood (-20.8%).


Prices for non-durable goods, on the contrary, increased by 5.3%. Food rose in price by 5.5%, consumer durable goods increased in price by 4.7%: furniture (+5.1%) and household appliances (+5.2%). 


If we do not take into account energy carriers, the producer price level increased by 0.8% in September. On a monthly basis, the indicator decreased by 0.2% in September, despite expectations of a 0.4% increase.


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.