TNBiz (TNBiz)
Macroeconomics  |  July 20, 2012 17:45:05

Output prices in Germany in June fell to two-year low


BERLIN (MEDIAFAX) - Output prices in Germany in June year on year growth rate slowed to 1.6 percent, the lowest since May 2010. Informed on Friday by Reuters.

Analysts had expected a slowdown while "only" 1.9 percent. In May, while industrial producer price index rose by 2.1 percent.

The mom then in June producer prices in Germany according to the Federal Statistical Office Destatis fell by 0.4 percent in May after a decline of 0.3 percent

The growth of the industrial producer price index were energy, which in June mom dropped by 1.4 percent, while the annual growth rate slowed to 2.8 percent from 4.2 percent in May. Prices of petroleum products fell by 3.9 percent year on year and grew by 2.1 percent.

Without energy, industrial producer prices in Germany increased by equal annual percentage. Output prices of durable goods rose by 0.1 percent year on year and grew by 1.7 percent.

Tomáš Králíček, kralicek@mediafax.cz

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