German wholesale prices fall 0.4% in October

Market news

11 November 2015

German wholesale prices fall 0.4% in October

The German statistical office Destatis released its wholesale prices for Germany on Wednesday. German wholesale prices fell 0.4% in October, after a 0.6% decrease in September.

On a yearly basis, wholesale prices in Germany dropped 1.6% in October, after a 1.8% decline in September. Wholesale prices have been declining since July 2013.

The fall was mainly driven by a 17.8% drop in prices of ores, metals and metal ores.

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U.K. unemployment rate declines to 5.3% in the July to September quarter

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