Market Updates: German Wholesale Price Index Slips by -1.2%
Arslan Butt • 1 min read
The Federal Statistical Office (Destatis) reported a drop of -1.2% in the German wholesale index. In 2018, the average index of selling prices in wholesale trade was 2.7% higher than the average index of 2017.
In November 2018 and in October 2018, the annual rates of change had been +3.5% and +4.0%, respectively. While from November 2018 to December 2018, the index fell by 1.2%.
As expected, the EUR/USD showed a muted reaction to the news as it continues to trade at $1.1471, adding 0.03% for the day.