Home Economic Indicators German Producer Prices Drop 2.2% in August, Year-on-Year

German Producer Prices Drop 2.2% in August, Year-on-Year

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German producer prices dropped more than expected in August, recording a 2.2% annual decline, according to data from the federal statistics office on Friday.

Economists surveyed by Reuters had forecast a smaller fall of 1.7%, but the actual figures showed a sharper contraction.

The statistics office noted that more detailed data and breakdowns are available on its official website.