German Retail Sales plunge 3.3% MoM in Dec, a big miss – EUR/USD keeps lows
- German Retail Sales drop 3.3% MoM in Dec vs. -0.5% expected.
- German Retail Sales rise 0.8% YoY in Dec vs. +5.0% expected.
More to come ...
About German Retail Sales
The Retail Sales released by the Statistisches Bundesamt Deutschland is a measure of changes in sales of the German retail sector. It shows the performance of the retail sector in the short term. Percent changes reflect the rate of changes of such sales. The changes are widely followed as an indicator of consumer spending. The positive economic growth usually anticipates "Bullish" for the EUR, while a low reading is seen as negative, or bearish, for the EUR.