Germany: Wholesale Price Index falls more than expected in October

FXstreet.com (Barcelona) - The German Wholesale Price Index dropped by 1% in October, compared with the 0.7% increase the previous month, Statistisches Bundesamt Deutschland informed on Tuesday. Analysts expected less decline of 0.2%.

On an annual basis the Wholesale Price Index dropped 2.7% in October, down from -2.2% in September and below market consensus of -1.9%.