Germany's PPI beats expectations in November, posts first positive annual rate of change since June 2013

Germany's Producer Price Index rose by 0.1 percent compared with the corresponding month of the preceding year, beating expectations at -0.2 percent. Germany's PPI posted the first positive annual rate of change since June 2013 (+0.1 percent). In October 2016 the annual rate of change had been –0.4 percent.

Compared with the preceding month (October), the overall index rose by 0.3 percent in November. The month-over-month rise compared to a 0.7 percent rise in October and – 0.2 percent fall in September.

Details of the report showed, energy prices decreased by 1.7 percent y/y in November, while prices of intermediate goods rose by 0.4 percent. In contrast prices of non-durable consumer goods rose by 1.5 percent, prices of capital goods by 0.6 percent and prices of durable consumer goods by 1.0 percent.

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