Latest data released by Destatis - 2 May 2019
- Prior +0.9%; revised to +0.5%
- Retail sales -2.1% vs +2.9% y/y expected
- Prior +4.7%; revised to +4.4%
Slight delay in the release by the source. A bit of a dip in consumption activity for the month of March and that doesn't provide much relief to the German economy amid a weakening manufacturing sector in Q1. A minor data point though.
EUR/USD holds steady at 1.1206 currently with EUR/GBP a tad higher at 0.8589, though overall the changes are little on the day so far.
