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