Tuesday, April 27, 2010

German Import Prices- 04.27.10

As reported by the Federal Statistical Office (Destatis), the index of import prices increased by 5.0% in March 2010 from the corresponding month of the preceding year.From February 2010 to March 2010 the index rose by 1.7%.

The index of import prices, excluding crude oil and mineral oil products, was 0.7% above the level of a year earlier (+1.1% compared to February 2010).

The index of export prices increased by 2.0% in March 2010 from the corresponding month of the preceding year. From February 2010 to March 2010 the index rose by 0.8%

Why am I posting at this time of night? Good question. However, I am concerned about the run-up in global equity prices. I expect to see a pullback of 3-5% within the next week or 2. Hence, any data that might give an indication of trading sentiment (SPX, DAX) will be useful. Currently I am analyzing the SPY and SSO (2 ETFs which track the SPX).

Patrick M. Ambrus
Managing Partner
Analyze Capital LLC
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1 comment:

  1. Hints of inflationary tendencies? Can be a good thing for the Euro zone if within a 3% level. There economy maybe more robust than perceived. Both import and export prices have increased on the core and headline value. I would think this is not as important for Germany as it has the highest 12month trailing trade surplus in the EURO zone. in fact its probably a huge reason why the overall eurozone even has a trade surplus. The other big economies, Spain, France, and Italy are rather significant negative contributors. Germany seems to be an exporting machine, id love to break down their trade data after graduation!


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