Latest data released by Destatis - 14 January 2019
- Prior +0.2%
- Wholesale price index +2.5% y/y
- Prior +3.5%
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. Well, even domestic demand is considerably weaker in the fourth quarter of last year and that doesn't bode well for the overall health of the German economy to end 2018.
With figures like these, it'll only push the narrative of a recession-like growth even more. EUR/USD sits at 1.1478 currently, barely moved on the session so far. EUR/GBP likewise at 0.8928 near flat levels on the day.
