Germany May retail sales -0.6% vs +0.5% m/m expected

Author: Justin Low | Category: News

Latest data released by Destatis - 2 July 2019

  • Prior -2.0%; revised to -1.0%
  • Retail sales +4.0% vs +2.7% y/y expected
  • Prior +4.0%
Slight delay in the release by the source. Consumption activity fell for a second straight month and that won't alleviate pressure off the German economy in Q2. The only positive bit is a revision to the April data to highlight a lesser decline.

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