The Germany Producer Price Index rose 0.8% monthly in April, as expected, marking the eighth consecutive month of increases. In March, the indicator had increased 0.9%.
Year-on-year producer prices increased 5.2% in April, above the 5.1% estimated and 3.7% previously. The annual indicator registers its fifth month in a row with increases, with April being the month with the highest increase seen since August 2011.
EUR / USD reaction
The EUR / USD has reacted to the data with a rise of 10 pips that has taken it to mark highs of the day in the 1.2189 zone. At time of writing, the pair is trading above 1.2188, gaining 0.10% daily
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