Germany's Retail Sales declined 0.8% MoM in September versus a 0.
Germany'sRetail Salesdeclined 0.8% MoM in September versus a 0.5% increase expected and -1.2% in August, the latest official data released by Destatis showed on Tuesday. On an annual basis,Retail Salesin the Eurozone's top economy dropped 4.3% in September versus a 2.3% decline seen in August. EUR/USD reaction to the German data The Eurois recovering losses despite the mixed German consumer spending data. At the time of writing, the EUR/USD is dropping 0.05% on the day to trade at 1.
0605. About German Retail Sales TheRetail Salesreleased by theStatistisches Bundesamt Deutschlandis 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 asbullish for the EUR, while a low reading is seen as negative, or bearish, for the EUR.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Australia retail sales surge past expectations in SeptemberAustralia retail sales surge past expectations in September
Read more »
Australia September retail sales climb at fastest pace in eight monthsAustralian retail sales rose at the fastest pace in eight months in September, suggesting some resilience in consumer spending which would add to the case for an interest rate hike as soon as next week.
Read more »
Australia Sept retail sales climb at fastest pace in 8 monthsAustralia Sept retail sales climb at fastest pace in 8 months
Read more »
Australian Dollar continues the winning streak amid stronger Retail SalesThe Australian Dollar (AUD) extends gains for the third successive session, continuing the winning streak on Monday after rebounding from the yearly l
Read more »
AUD/USD holds positive ground below the mid-0.6300s ahead of Australian Retail SalesThe AUD/USD pair kicks off the week in a positive mood below the mid-0.6300s during the early Asian session on Monday. The softer US Dollar (USD) lend
Read more »