Germany April PPI -0.7% vs -0.6% m/m expected

Latest data released by Destatis – 15 May 2020
– -0.8%
– PPI -1.9% vs -1.8% y/y expected
– Prior -0.8%
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Producer and import prices slump further amid the virus outbreak and fall in energy prices, with the annual reading slipping deeper into deflation territory – lowest since July 2016.