BREAKING: Retail sales in Germany much higher than expected

8:01 AM 31 October 2024

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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