BREAKING: Retail sales in Germany much higher than expected

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Retail sales in Germany (October) came in 3.8% YoY vs 1.2% exp. and 2.1% previously (1.2% MoM vs -0.6% exp. and 1.6% previously). The report points to stronger consumer trend across the German economy, however it's still too early to see that data as a signal of positive, long term consumer trend. Reaction on EURUSD is clearly mixed.

Source: xStation5

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This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.

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