- German Retail Sales fell by 0.9% YoY in September vs. 1.8% expected.
- Retail Sales in Germany stood at -2.5% MoM in September vs. 0.6% expected.
Germany's Retail Sales dropped sharply by 2.5% MoM in September versus 0.6% expected and 1.1% last, the official figures released by Destatis showed on Monday.
On an annualized basis, the bloc’s Retail Sales came in at -0.9% in September versus 0.4% recorded in August and 1.8% estimated.
FX implications
The euro shows little reaction to the downbeat German Retail Sales data.
At the time of writing, the major trades at 1.1554, almost unchanged on the day.
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.