Germany November retail sales m/m +2.3% vs +1.0% expected

Author: Justin Low | Category: News

Latest data released by Destatis - 5 January 2018

Delay in the release of the data point by Destatis by almost 2 minutes, supposed to be released at 0700 GMT.

A major beat on the data. It's much higher than expectations - though don't look too much into it, the data point can heavily fluctuate. Just take note of last month's expectations of +0.3% m/m, which then came in at -1.2% originally.

Black Friday effect in Germany, maybe? Hmm. EUR/USD not really moving much, trading near session lows on the day at 1.2056. I mentioned in the calendar preview, minor data points like these don't tend to take precedence on NFP Friday.

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