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Germany: Retail Sales grow more than expected in January

German Retail Sales increased 3.1% in January, following a 2.1% drop registered the previous month, according to data released today by Destatis. Analysts expected less growth of 1%.

On an annual basis German Retail Sales rose 2.4%, compared with the 3.7% decline and against forecasts of dropping 1.8%.

Germany: Retail Sales (MoM) up 3.1% in Jan; (YoY) grow 2.4%

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Forex: EUR/USD dips to 1.3060/65 after German data

The bloc currency eased to the 1.3060/65 region after German retail sales surpassed expectations on January, expanding 3.1% MoM and 2.4% on a yearly basis, leaving behind forecasts at +1.0% and -1.8%, respectively...
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