Germany June PPI -0.3% vs -0.4% m/m expected

<ul><li>Prior -1.4%</li><li>PPI +0.1% vs 0.0% y/y expected</li><li>Prior +1.0%</li></ul><p>The main contributor to the drop in the annual reading is energy prices as if you strip that out, producer prices are still up by 2.8% compared to June last year. But a positive thing to note is that the drag from energy prices on the monthly reading is starting to be phased out, with producer prices still coming in 0.3% lower if you take that component out.</p>

This article was written by Justin Low at www.forexlive.com.