Recent Updates
- Japan: Trends in National Market for Condominiums (Jan)
- China: Retail Price Index (Jan)
- Singapore: Fixed Asset Investments (Q4)
- Australia: Overseas Arrivals and Departures (Dec)
- Korea: Import & Export Price Indexes (Jan)
- Turkey: House Price Index (Dec)
- UK: Rightmove HPI (Feb), LSL/Acadata HPI (Jan)
- Albania: Trade by Commodity (Jan-Prelim)
- more updates...
Economy in Brief
Import Prices Continue Their Decline; Both Oil and Nonoil Prices Move Lower
Import prices fell a greater-than-expected 0.5% during January (-1.7% year-on-year)...
Empire State Manufacturing Activity Improves Modestly
The Empire State Manufacturing Index of General Business Conditions rose to 8.8 during February...
EMU-16 Trade Flows and Balance
EMU-wide exports ticked lower in December as imports were flat...
U.S. Retail Sales Exhibit Extensive Weakness
Total retail sales declined 1.2% (+2.3% y/y) during December...
U.S. Producer Prices Decline; Core PPI Rises
The headline Final Demand Producer Price Index edged down 0.1% for the second consecutive month in January (+2.0% y/y)...
by Robert Brusca February 20, 2008
The German inflation picture remains a bit hotter than the ECB would have liked. With headline PPI inflation up by 0.7% the core was up by 0.4%. Over the past 12 months, headline MFG inflation is at 3.2% the same as it was a year ago. Excluding energy MFG inflation fell to 2.4% Yr/Yr from 3% a year ago.
Sequential growth rates show that ex energy inflation is very sticky above 2%. Meanwhile, headline inflation has continued to build pressures in terms of these sequential rates.
Basic goods prices rose by 0.7% in January and by 2.6% Yr/Yr. Capital goods prices rose by 0.1% and are higher Yr/Yr by 0.7%. Consumer goods prices rose by 0.5% in January but were up a strong 3.9% Yr/Yr. Energy prices were by 2.1% in January and by 5.9% Yr/Yr.
Germany PPI | |||||||
---|---|---|---|---|---|---|---|
%m/m | %-SAAR | ||||||
Jan-08 | Dec-07 | Nov-07 | 3-mo | 6-mo | 12-mo | 12-mo Year Ago | |
MFG | 0.7% | 0.0% | 0.9% | 6.9% | 4.6% | 3.2% | 3.2% |
Ex Energy | 0.4% | 0.1% | 0.1% | 2.2% | 2.2% | 2.4% | 3.0% |