Press Producer prices of services in the 2^nd quarter of 2020: +2.0% on the 2^nd quarter of 2019

Press release No. 374 of 28 September 2020

Producer prices of services, 2^nd quarter of 2020
+2.0% on the same quarter of the previous year
+0.4% on the previous quarter

WIESBADEN – The producer prices of services in Germany were up 2.0% in the second quarter of 2020 compared with the second quarter of 2019. The Federal Statistical Office (Destatis) also reports that, in most branches, the changes on the first quarter of 2020 were rather moderate, with increases averaging 0.4%.