Germany October PPI mm +0.7% vs +0.2% exp

Germany October PPI report 18 Nov

• -0.2% prev
• yy -0.4% vs -0.9% exp vs -1.4% prev
• energy mm+2.3%, yy -2.2%
• cap goods mm unchanged, yy +0.6%
• basic goods mm -0.1%, yy -0.7%

Stronger PPI data will take a little while longer to filter through to CPI as we saw in the UK data this week.

Meanwhile EURUSD nudging higher at 1.0607 with EURGBP also higher at 0.8557 and EURJPY 117.36