Destatis released its producer price index (PPI) for Germany on Friday. German PPI producer prices rose 0.1% in April, missing expectations for a 0.2% rise, after a flat reading in March.

On a yearly basis, German PPI dropped 3.1% in April, missing expectations for a 3.0% decrease, after a 3.1% fall in March.

PPI excluding energy sector fell by 1.0% year-on-year in April.

Energy prices were down 8.8% year-on-year in April.

Consumer non-durable goods prices fell 0.4% year-on-year in April, intermediate goods sector prices decreased by 2.6%, while capital goods prices increased 0.6% and durable consumer goods sector prices gained 1.3%.