7:01 AM · 29 November 2024

BREAKING: German retail sales well below expectations 📉

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German retail sales came in -1.5% MoM vs -0.5% exp. and 1.2% previously;

Retail sales for October YoY came in up only 1% vs 3.3% exp. and 3.8% previously.
Non-seasonally adjusted sales came in 3.6% YoY vs 3.3% exp. and 0.9% previously
Non-food retail trade fell by -2.2% down MoM in October
Import prices rose by 0.6% vs 0.2% exp. and -0.4% previously

EURUSD almost didn't react to very weak retail sales data from Germany.

Source: XTB Research, Bloomberg Finance L.P

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