Financial News: German Producer Prices Unexpectedly Rise 0.1%

German Producer Prices Unexpectedly Rise 0.1%

12/20/2024 - 02:50:00 (RTTNews)

(RTTNews) - The declining trend in German producer prices unexpectedly ceased in November, data from Destatis showed on Friday.

Producer prices rose 0.1 percent year-on-year in November, reversing a 1.1 percent fall in the prior month. Economists had expected a further fall of 0.3 percent.

Moreover, prices increased for the first time since June 2023, when prices had risen 1.2 percent.

The renewed rise in November was mainly driven by a 1.9 percent increase in prices for capital goods. Meanwhile, the decline in energy prices softened to 2.4 percent from 5.6 percent in October.

Prices for consumer goods were 2.4 percent more expensive, and those for durable consumer goods rose by 0.9 percent. Data showed that intermediate goods prices grew only 0.4 percent.

Excluding energy, producer prices gained 1.3 percent on the year but fell 0.1 percent from a month ago.

Month-on-month, producer prices increased 0.5 percent after rebounding 0.2 percent in October.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

U.S. Consumer Sentiment Deteriorates More Than Previously Estimated In January (10 hr(s), 39 min(s), 32 sec(s) ago)
(RTTNews) - Revised data released by the University of Michigan on Friday showed consumer sentimen ...Full Story»

Eurozone Private Sector Grows In January (11 hr(s), 04 min(s), 32 sec(s) ago)
(RTTNews) - Euro area private sector returned to growth in January as the contraction in manufactu ...Full Story»

U.S. Existing Home Sales Jump Much More Than Expected In December (11 hr(s), 14 min(s), 32 sec(s) ago)
(RTTNews) - A report released by the National Association of Realtors on Friday showed existing ho ...Full Story»

Slovenia Consumer Confidence Weakens Slightly (12 hr(s), 25 min(s), 32 sec(s) ago)
(RTTNews) - Slovenian consumers remained slightly more pessimistic at the start of the year, figur ...Full Story»

Hungary Jobless Rate Falls To 4.4% (12 hr(s), 55 min(s), 32 sec(s) ago)
(RTTNews) - Hungary's unemployment rate increased during the October-December period, data fro ...Full Story»

Taiwan Q4 GDP Growth Eases To 1.84% (13 hr(s), 24 min(s), 32 sec(s) ago)
(RTTNews) - Taiwan's economy continued to expand in the final quarter of 2024, though at the ...Full Story»

UK Private Sector Logs Further Marginal Expansion (13 hr(s), 51 min(s), 32 sec(s) ago)
(RTTNews) - The UK private sector activity expanded at the fastest pace in three months in January ...Full Story»

Spain Producer Prices Rise 2.3% In December (14 hr(s), 59 min(s), 32 sec(s) ago)
(RTTNews) - Spain's producer prices increased for the second straight month in December amid a ...Full Story»