Recent Updates
- Japan: TSE Tokyo PRO Market (Oct)
- Australia: Labor Force Survey (Oct)
- Singapore: Fixed Asset Investments (Q3)
- Korea: First 20 Days Trade (Nov)
- New Zealand: Net Capital Stock (2018)
- more updates...
Economy in Brief
U.S. Mortgage Applications Decline
The MBA Mortgage Loan Index fell 2.2% (+75.7% y/y) in the week ending November 15...
Japan's Trade Remains in Deficit
Japan is suffering the fate of an economy with strong trade ties to two countries embroiled in a trade war...
U.S. Housing Starts & Building Permits Strengthen
Housing starts increased 3.8% (8.5% y/y) during October to 1.314 million (SAAR)...
U.S. Gasoline Prices Fall as Crude Oil Stabilizes
Retail gasoline prices declined to $2.59 per gallon last week (-0.7% y/y)...
U.K. CBI Survey Shows Some Improvement- Still Very Weak
The CBI industrial trends survey showed some improvement in the U.K industrial sector in November, but...
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% |
