Market Updates: German Wholesale Price Index Slips by -1.2% by FX Leaders

Market Updates: German Wholesale Price Index Slips by -1.2%

Posted Monday, January 14, 2019 by
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.

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About the author

Arslan Butt is our Index & Commodity Analyst
Arslan Butt is our Lead Commodities and Indices Analyst. Arslan is a professional market analyst and day trader. He holds an MBA in Behavioral Finance and is working towards his Ph.D. Before joining FX Leaders Arslan served as a senior analyst in a major brokerage firm. Arslan is also an experienced instructor and public speaker.
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