BREAKING: German PPI reading lower than expected

German PPI YoY: -2.2% (Forecast -1.7%, Previous -1.5%)

German PPI MoM: -0.5% (Forecast -0.1%, Previous -0.1%)

Lower PPI data from Germany signals that the country is facing serious problems with the demand side, pressuring producer prices lower. Monthly decline came in much weaker than expected.

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