Germany April PPI mm +0.4% vs +0.2% expected

Author: Mike Paterson | Category: News

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