Latest data released by Destatis - 31 May 2019

  • Prior -0.2%; revised to 0.0%
  • Retail sales +4.0% vs +1.4% y/y expected
  • Prior -2.1%

Slight delay in the release by the source. Ouch, that's a significant drop in retail sales on the month but when you look at the annual reading, it does cushion the blow a little. That said, the monthly reading will do little to convince that German consumption activity is robust and that could potentially point to worrying signs in Q2.