Latest data released by Destatis - 30 May 2018
- Prior -0.3% revised
- Retail sales +1.2% vs +1.6% y/y expected
- Prior +1.3%
- Import price index +0.6% vs +0.7% m/m expected
- Prior 0.0%
- Import price index +0.6% vs +0.8% y/y expected
- Prior -0.1%
Slight delay in the data release by the source. A beat on the headline month-on-month reading for retail sales but the year-on-year is underwhelming once again. A minor data point, and indicator of consumer sentiment in Germany.
Meanwhile, inflationary pressures are at least decent as import prices improve slightly - but it's just a rough gauge of inflation and this is April's reading so it's a lagging data point.
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