German Retail Sales fall 4.3% YoY in April vs. -5.0% expected

German Retail Sales declined 4.3% YoY in April vs. -5.0% expected.
Retail Sales in Germany came in at 0.8% MoM in April vs. 1.0% expected.

Dhwani Mehta FXStreet

The latest official figures released by Destatis showed on Friday, Germany's Retail Sales increased 0.8% MoM in April versus 1.0% expected and -2.4% previous.

On a yearly basis, the bloc’s Retail Sales dropped 4.3% in April versus the -5.0% expected and an 8.6% slump seen in March.

FX implications

The Euro is unfazed by the mixed German data. At the time of writing, the EUR/USD is down 0.12% on the day at 1.0675.

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. Positive economic growth is usually anticipated as "bullish" for the EUR, while a low reading is seen as negative, or bearish, for the EUR.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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