Plus   Neg

Germany Producer Prices Fall At Slower Pace

Germany's producer prices declined at a slower pace in December, data from Destatis showed on Monday.

Producer prices fell 0.2 percent year-on-year, slower than the 0.7 percent decrease seen in November. This was also slower than the 0.3 percent fall economists' had forecast.

On a monthly basis, producer prices were up 0.1 percent after remaining unchanged in November. Economists had expected prices to remain flat in December.

Excluding energy, producer prices gained 0.2 percent on month, taking the annual growth to 0.4 percent in December.

In 2019, the producer price index increased 1.1 percent on average from the previous year.

For comments and feedback contact: editorial@rttnews.com

Economic News

What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.

Follow RTT