Latest data released by Destatis - 14 May 2019
- Prior +0.3%
- Wholesale price index +2.1% y/y
- Prior +1.8%
Slight delay in the release by the source. The index measures the value of sales made by wholesalers in Germany, it provides an indicator of consumption and retail pattern. A decent start to consumption data in Q2 for Germany and that will continue to give some mild optimism as domestic demand continues to hold up well. Let's see how industrial/manufacturing conditions hold up before gauging the overall picture in Q2.
