Financial News: Germany Wholesale Prices Fall Further

Germany Wholesale Prices Fall Further

11/15/2024 - 03:12:00 (RTTNews)

(RTTNews) - Germany's wholesale prices continued to decline in October, though at a slower pace, data from Destatis revealed on Friday.

Wholesale prices decreased 0.8 percent year-on-year in October, slower than the 1.1 percent drop in September. Wholesale prices have been falling since May 2023, and the latest drop was the weakest in three months.

Data showed an 11.5 percent drop in wholesale prices of mineral oil products. The cost of iron, steel, and semi-finished products fell 5.3 percent, and peripheral equipment prices dropped 4.9 percent.

On a monthly basis, wholesale prices slid 0.4 percent in October, reversing a 0.3 percent fall in September.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

France CPI Inflation Confirmed At 1.2% (07 min(s), 34 sec(s) ago)
(RTTNews) - French consumer price inflation matched flash estimate, while harmonized inflation was ...Full Story»

China Industrial Output Rises Less Than Forecast; Retail Sales Growth Accelerates (02 hr(s), 0 min(s),34 sec(s) ago)
(RTTNews) - China industrial production growth slowed unexpectedly in October and the decline in p ...Full Story»

Malaysia Q3 GDP Growth Confirmed At 5.3% (02 hr(s), 10 min(s), 34 sec(s) ago)
(RTTNews) - Malaysia's economic growth eased as initially estimated in the third quarter, the ...Full Story»

UK Economy Logs Meager Growth In Q3 (02 hr(s), 22 min(s), 34 sec(s) ago)
(RTTNews) - In a blow to Chancellor Rachel Reeves, the UK economy grew only marginally in the thir ...Full Story»

Germany Wholesale Prices Fall Further (02 hr(s), 41 min(s), 34 sec(s) ago)
(RTTNews) - Germany's wholesale prices continued to decline in October, though at a slower pac ...Full Story»

Indonesia Trade Surplus Shrinks In October (03 hr(s), 57 min(s), 34 sec(s) ago)
(RTTNews) - Indonesia's foreign trade surplus decreased in October from a year ago as imports ...Full Story»

Japan Industrial Production Rebounds More Than Estimated (04 hr(s), 21 min(s), 34 sec(s) ago)
(RTTNews) - Industrial production in Japan increased more than initially estimated in September, t ...Full Story»

European Economic News Preview: UK GDP Data Due (04 hr(s), 32 min(s), 34 sec(s) ago)
(RTTNews) - Quarterly national accounts from the UK and final inflation from France and Italy are ...Full Story»