Destatis released its producer price index (PPI) for Germany on Tuesday. German PPI producer prices declined 0.4% in September, missing expectations for a 0.1% fall, after a 0.5% drop in August.

On a yearly basis, German PPI dropped 2.1% in September, missing expectations for a 1.8% decrease, after a 1.7% fall in August.

PPI excluding energy sector fell by 0.6% year-on-year in September.

Energy prices were down 6.1% year-on-year in September.

Consumer non-durable goods prices fell 1.0% year-on-year in September, intermediate goods sector prices decreased by 1.4%, while capital goods prices increased 0.7% and durable consumer goods sector prices rose 1.3%.