Latest data released by Destatis - 16 August 2018
- Prior +0.5%
- Wholesale price index +3.5% vs +3.4% y/y prior
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. Unchanged on the month but the yearly estimate ticks slightly higher. German domestic demand remains solid so it is not surprising to see the data here have a decent showing. The real underlying problem remains that of trade and exports.
