Latest data released by Destatis - 18 October 2018
- Prior +0.3%
- Wholesale price index +3.5% y/y
- Prior +3.8%
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. Another decent uptick in wholesale prices as domestic demand continues to support the German economy in the wake of stuttering exports demand.
The positive thing from the report here is that it at least doesn't add to the recent flagging signs of further slowdown in the German economy. But as a release on its own, this isn't one that is going to impact the euro on the day.
