Germany Jan'18 GfK consumer confidence 10.8 vs 10.7 expected

Latest data release by GfK - 22 Dec 2017

• Prior 10.7

It's an indicator of consumer confidence in the German economy, as the survey asks respondents to rate the relative level of past and future economic conditions. A minor data point for Eurozone sentiment.

Economic expectations hit a 3-month high. Looks like German politics aren't really having much of an impact on consumer sentiment.

We also have import price numbers out:

• Import price index m/m +0.8% vs +0.7% expected
• Import price index y/y +2.7% vs +2.6% expected

Some general numbers on business sentiment, better than expected. A minor positive for the German economy.

EUR/USD continues to claw back losses on the day, now at 1.1857.