- Retail sales rise 0.3% mom in February vs. 0.5% expected.
- German retail sales rise 7.0% yoy in February vs. 6.1% expected.
German retail sales rose 0.3% in February vs. 0.5% expected and 0% seen the previous month, official figures published by Destatis showed on Thursday.
In annualized terms, the country’s retail sales stood at 7.0%, above the 6.1% expected and retreating from the 10.4% registered in January.
fx implications
The euro has moved little after the release of the German mixed data. At time of writing, the EUR/USD pair is trading at 1.1168, up 0.10% on the day.
About German Retail Sales
The retail sales published by Destatis are a measure of changes in sales in the German retail sector. Such changes are closely watched as an indicator of consumer spending. A result above the market consensus is bullish for the euro, while a result below is bearish.
Source: Fx Street
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