The index of wholesale prices measures the development of prices of goods sold by wholesalers within Germany to the extent that such sales are included under wholesale, such as contracts concluded with resellers, processors or other bulk purchasers. This may refer to goods produced in Germany or to imported goods. Excluded are sales from producers direct to retailers or final consumers.
A higher than expected figure should be seen as positive (bullish) for the EUR while a lower than expected figure should be seen as negative (bearish) for the EUR.