Latest data released by Destatis - 13 July 2018
- Prior +0.8%
- Wholesale price index +3.4% vs +2.9% 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.
The yearly estimate is higher than the one seen in May, and that's a good signal at the very least for domestic consumption. But again, only shows that domestic demand remains robust but the trade and industrial activity remains the bane of the German economy in Q2.
