Germany May wholesale price index +0.3% vs +0.6% m/m prior
Latest data released by Destatis - 14 June 2019
- Prior +0.6%
- Wholesale price index +1.6% y/y
- Prior +2.1%
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. Domestic demand continues to hold up decently in Germany for Q2 but the positive vibes here are largely offset by negative worries on trade, so expect economic conditions to still be subdued in general when we get the big picture reading for the quarter.