Germany February retail sales +0.9% vs -1.0% m/m expected
Latest data released by Destatis - 29 March 2019
- Prior +3.3%; revised to +2.8%
- Retail sales 4.7% vs +2.1% y/y expected
- Prior +2.6%;revised to +3.1%
Slight delay in the release by the source. Relative to a year ago, retail sales grew strongly but on a monthly basis it's more or less within expectations. This continues to show that consumption and retail sentiment remains decent and will offer a helping hand in supporting the German economy in Q1 at the very least.
EUR/USD inches higher to 1.1237 but is still trapped in a narrow trading range today.