German retail sales report for April was released today at 7:00 am BST. Data was expected to show a small dip in monthly retail sales and a strong 2.5% year-over-year growth. However, actual report turned out to be a disappointment, showing deeper monthly drop and smaller annual growth.
German retail sales for April
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- Monthly: -1.2% MoM vs -0.3% MoM expected (+1.8% MoM previously)
In spite of a miss in German data, EUR and European index futures gained slightly. However, scale of the moves was barely noticeable with both EURUSD and DE40 gaining less than 0.1%.
Source: xStation5