Germany: Producer Price Index drops 0.3% in May

FXstreet.com (Barcelona) - German PPI decreased 0.3% in May, down from the 0.2% drop registered in April, according to data released today by Destatis. Analysts pointed to less decline of 0.1%.

On an annual basis PPI rose 0.2% in May, after climbing 0.1% in April and slightly below expectations of +0.3%.