Germany April PPI mm +0.4% vs +0.2% expected
Germany April PPI report 19 May
- 0.0% prev
- yy +3.4% vs +3.2% exp vs +3.1% prev
Stronger than expected PPI should lead into stronger CPI in next few months if trend continues.
EURUSD not impressed though at 1.1112 and still a bit punch drunk along with other pairs