Destatis released its producer price index (PPI) for Germany on Monday. German PPI producer prices declined 0.5% in August, missing expectations for a 0.3% fall, after a flat reading in July.

On a yearly basis, German PPI dropped 1.7% in August, missing expectations for a 1.5% decrease, after a 1.3% fall in July.

PPI excluding energy sector fell by 0.5% year-on-year in August.

Energy prices were down 5.0% year-on-year in August.

Consumer non-durable goods prices fell 1.5% year-on-year in August, intermediate goods sector prices decreased by 1.0%, and capital goods prices increased 0.8%, while durable consumer goods sector prices rose 1.4%.