German Retail Sales declined 4.3% YoY in April vs. -5.0% expected.
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- German Retail Sales declined 4.3% YoY in April vs. -5.0% expected.
- Retail Sales in Germany came in at 0.8% MoM in April vs. 1.0% expected.
The latest official figures released by Destatis showed on Friday, Germany’s Retail Sales increased 0.8% MoM in April versus 1.0% expected and -2.4% previous.
On a yearly basis, the bloc’s Retail Sales dropped 4.3% in April versus the -5.0% expected and an 8.6% slump seen in March.
The Euro is unfazed by the mixed German data. At the time of writing, the EUR/USD is down 0.12% on the day at 1.0675.
The Retail Sales released by the Statistisches Bundesamt Deutschland is a measure of changes in sales of the German retail sector. It shows the performance of the retail sector in the short term. Percent changes reflect the rate of changes of such sales. The changes are widely followed as an indicator of consumer spending. Positive economic growth is usually anticipated as “bullish” for the EUR, while a low reading is seen as negative, or bearish, for the EUR.
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