Germany October PPI 0.1% vs 0.0% m/m anticipated

• Prior -0.1%
• PPI Y/Y -1.8% vs -1.9% expected
• Prior -1.7%

This is not going to change anything for the ECB.

From the agency: “In October 2025, lower energy prices continued to be the main reason for
the year-on-year decline in producer prices. Intermediate goods were
also less expensive than a year earlier. By contrast, capital goods,
non-durable consumer goods and durable consumer goods cost more than a
year earlier. When energy prices are excluded, producer prices in
October 2025 rose by 0.8% on the same month of the previous year, and
were down 0.1% compared with September 2025.”