Market Updates: German Wholesale Price Index Slips by -1.2%
Arslan Butt•Monday, January 14, 2019•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.
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Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.
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