Retail sales unexpectedly fall -0.9% year-on-year in September compared to + 1.8% expected

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  • German retail sales fell -0.9% yoy in September versus the + 1.8% expected.
  • Retail sales in Germany stood at -2.5% MoM in September versus the + 0.6% expected.

The German retail sales fell sharply -2.5% in September versus the + 0.6% expected and + 1.1% for the previous month, as shown by the official figures published by Destatis on Monday.

In annualized terms, the country’s retail sales stood at -0.9% in September compared to the + 0.4% registered in August and the estimated + 1.8%.

About German Retail Sales

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Destatis published retail sales are a measure of changes in sales in the German retail sector. These changes are closely followed as an indicator of consumer spending. A result above the market consensus is bullish for the euro, while a result below is bearish.

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