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German producer price inflation eases in November

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German producer price inflation eases in November

German producer prices rose 0.1% month-on-month in November, down from 0.3% growth the month before, Federal Statistical Office data showed.

Annual inflation in producer prices also eased in November, to 2.5% from 2.7% in October.

Producer price indexes rose in all industrial groups year over year, with intermediate goods price inflation leading at 3.3%, followed by energy prices at 3.0%. The prices of nondurable consumer goods rose by 2.4%, durable consumer goods by 1.2%, and those of capital goods were up 1.1%.

The overall price index excluding energy prices gained 2.3% annually in November, but was down 0.1% in monthly terms.

The office also reported separately that Germany's public debt owed to non-public institutions shed 2.9% annually to €1.97 billion by the end of the third quarter of 2017. The non-public sector comprises credit institutions, the remaining domestic sector, and the remaining non-domestic sector, the office noted.

Compared with the preceding quarter, the debt was down by 0.3%.

Meanwhile, investments in German construction industry in 2016 increased 16.7% annually to €3.7 billion, the office reported in a separate release. The level was the highest since 1996, when tangible fixed asset investments came in at €4.0 billion, it added.