Germany retail sales fell 1.6% month-on-month in December, compared to a 2.5% decline in November, according to the latest data published by Destatis on Wednesday. Market forecasts pointed to an increase of 0.7%.
On an annual basis, retail sales in the economic powerhouse of the Eurozone fell 1.7% year-on-year in Decembercompared to the 2.4% annual drop recorded in November.
EUR/USD reaction to German data
The EUR/USD pair loses 0.22% on the day and is trading at 1.0815 at the time of writing.
Euro quote today
Below is the percentage change of the Euro (EUR) against the main currencies.
| USD | EUR | GBP | CAD | AUD | JPY | NZD | CHF | |
| USD | 0.25% | 0.21% | 0.15% | 0.50% | 0.34% | 0.34% | 0.24% | |
| EUR | -0.25% | -0.04% | -0.09% | 0.27% | 0.10% | 0.09% | 0.01% | |
| GBP | -0.20% | 0.04% | -0.05% | 0.30% | 0.14% | 0.14% | 0.05% | |
| CAD | -0.14% | 0.11% | 0.04% | 0.34% | 0.20% | 0.19% | 0.10% | |
| AUD | -0.49% | -0.24% | -0.29% | -0.34% | -0.14% | -0.15% | -0.24% | |
| JPY | -0.34% | -0.10% | -0.16% | -0.20% | 0.18% | -0.03% | -0.10% | |
| NZD | -0.34% | -0.05% | -0.14% | -0.18% | 0.14% | 0.02% | -0.11% | |
| CHF | -0.23% | 0.01% | -0.04% | -0.09% | 0.26% | 0.11% | 0.11% |
The heat map shows the percentage changes of the major currencies against each other. The base currency is chosen in the left column, while the quote currency is chosen in the top row. For example, if you choose the euro in the left column and scroll down the horizontal line to the Japanese yen, the percentage change that appears in the box will represent EUR (base)/JPY (quote).
About retail sales in Germany
Retail sales published by the Statistisches Bundesamt Deutschland measure the evolution of sales in the German retail sector. Shows the behavior of the retail sector in the short term. The percentage variations reflect the rate of variation of said sales. The variations are widely followed as an indicator of consumer spending. Positive economic growth is usually anticipated as “bullish” for the Euro, while a low reading is considered negative, or bearish, for the Euro.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
