German producers still struggled to increase their prices in November, according to a separate report Friday from the federal statistics office, Destatis.
Destatis said its index of producer prices rose 0.1% from November, but was still down 5.9% from a year earlier. The well-documented slump in energy prices earlier in the year was chiefly responsible for the drop in year-to-year prices. However, even excluding the volatile energy component, producer prices were flat from the previous month and down 2.3% from a year earlier. (…)
Output volume bottomed out in the spring and has risen for most of the last six months, but Destatis’ index for prices, having bottomed out in the summer, has yet to show any meaningful recovery. The indexed reading of 106.6 for November was only 0.1 higher than the low point of 106.5 registered in July.
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