German PPI eases to 7.9% German GfK Consumer Confidence index improves slightly The euro has dropped in Wednesday's trade. In the European session, EUR/U
Germany’s producer price index fell by 7.9% y/y in November, another sharp decline after the October reading of -11%. This was lower than the market consensus of -7.5% and marked a fifth straight month of decline. Monthly, PPI dropped 0.5%, more than the consensus estimate of -0.3% and following a 0.1% decrease in October.