Germany May retail sales +4.2% vs +5.0% m/m expected

Author: Justin Low | Category: News

Latest data released by Destatis - 1 July 2021

  • Prior -5.5%
  • Retail sales -2.4% vs -1.0% y/y expected
  • Prior +4.4%
The bounce in May owes much to the easing of restrictions so that is a positive development, which sets the tone for a perhaps stronger consumption outlook going into the summer as the virus situation has improved significantly in recent weeks as well.
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