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- Germany producer price index unexpectedly fell in February
Germany producer price index unexpectedly fell in February
Federal Statistical Office (Destatis) said, in February 2019 the index of producer prices for industrial products rose by 2.6% compared with the corresponding month of the preceding year. In January 2019 the annual rate of change all over also had been 2.6%.
Compared with the preceding month January 2019 the overall index decreased by 0.1% in February 2019 (+0.4% in January 2019 and -0.4% in December 2018). Economists had expected a 0.2% increase.
In February 2019 the price indices of all main industrial groups increased compared with February 2018: Energy prices rose by 7.5% (-0.2% compared with January 2019). Prices of durable consumer goods as well as prices of capital goods were up 1.6%. Prices of intermediate goods increased by 1.1% (-0.1% compared with January 2019) and of non-durable consumer goods by 0.8%.
The overall index disregarding energy was 1.3% up on February 2018 and 0.1% up compared with January 2019.
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