German GfK consumer sentiment edges down to -30.8 in November
Germany's GfK consumer climate index came in at -30.8 for November, slightly better than the -30.9 expected but below October's -30.6, pointing to continued weak household confidence.
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German Ifo index climbs to 90.2 in October, topping forecasts
The Ifo Institute's Business Climate Index for Germany rose to 90.2 in October from 89.9 in September, beating expectations for a slight dip. The euro firmed modestly against the US dollar on the release.
German PPI jumps 6.7% y/y in September, fastest since March 2023
Germany's producer price index rose 6.7% year-on-year in September, above the 6.2% forecast and up from 4.6% in August, as energy costs pushed wholesale inflation to its highest level since March 2023.
German ZEW sentiment falls to 28.1 in October, below forecasts
German investor confidence weakened more than expected in October, with the ZEW Economic Sentiment index dropping to 28.1 from 34.7, missing the 32.0 forecast. The euro briefly weakened against the US dollar before recovering.