German PPIs on the rise
Germany: PPI (Apr.): 0.5% m/m vs 0.3% expected (prior: -0.1%)
Energy and non-durable consumer goods were up by 1% m/m; core PPIswere up by 0.3% m/m.
Trend in PPI has slightly increased from 2.4% y/y to 2.5% y/y; core PPIs were up by 1.3% y/y after 1.2% y/y.