German factory gate inflation slows in June

The country's producer price index was unchanged versus the prior month and up by 2.4% year-on-year, according to the Federal Office of Statistics.

In May, factory gate prices had advanced at a 2.8% clip year-on-year.

Economists had forecast an increase of 2.4%.

Excluding energy, producer prices were ahead by 2.5% on the year, unchanged from the month before.