Germany: Import Price Index drops more than expected in May

FXstreet.com (Barcelona) - The German Import Price Index fell 0.4% in May, following a 1.4% decrease the previous month, Deutsche Bundesbank said on Thursday. Analysts expected slightly less decline of 0.2%.

On an annual basis German Import Price Index slid 2.9% in May, up from the 3.2% decrease in April and almost in line with consensus of -2.8%.