Germany March wholesale price index +0.3% vs +0.3% m/m prior
Latest data released by Destatis - 12 April 2019
- Prior +0.3%
- Wholesale price index +1.8% y/y
- Prior +1.6%
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 more positive reading here and that shows domestic demand remains decent in the German economy in Q1 at least, helping to cushion the blow of a weakening manufacturing sector.
EUR/USD holds steady at 1.1285, maintaining gains after a move higher in Asian trading.