Latest data released by Destatis - 13 July 2020
- Prior -0.6%
- Wholesale price index -3.3% y/y
- Prior -4.3%
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.
Consumption activity rebounded slightly in June but relative to a year ago, conditions are still rather subdued and points to a slower path to recovery at the end of Q2.
The readings in July and August will be more telling of the new normal conditions so we can only wait and see how things are progressing with the German economy in due time.
