Investing.com – Retail sales in Germany fell unexpectedly in February, official data showed on Thursday.
In a report, Germany’s Statistics Office said retail sales fell by a seasonally adjusted -0.3% in February, after rising by 0.4% in January, whose figure was revised down from 1.4%.
Analysts had expected retail sales to rise by 0.4% in February.
The data showed that German retail sales rose at annualized rate of 1.1% in February, after rising by 2.6% in January, below expectations for an increase of 1.5%.
Following the release of that data, the euro was up against the U.S. dollar, with EUR/USD climbing 0.38% to hit 1.4181.
Meanwhile, European stock markets were mixed after the open. The EURO STOXX 50 shed 0.03%, France’s CAC 40 was down 0.04%, Germany's DAX gained 0.1%, while the FTSE 100 added 0.2%.
In a report, Germany’s Statistics Office said retail sales fell by a seasonally adjusted -0.3% in February, after rising by 0.4% in January, whose figure was revised down from 1.4%.
Analysts had expected retail sales to rise by 0.4% in February.
The data showed that German retail sales rose at annualized rate of 1.1% in February, after rising by 2.6% in January, below expectations for an increase of 1.5%.
Following the release of that data, the euro was up against the U.S. dollar, with EUR/USD climbing 0.38% to hit 1.4181.
Meanwhile, European stock markets were mixed after the open. The EURO STOXX 50 shed 0.03%, France’s CAC 40 was down 0.04%, Germany's DAX gained 0.1%, while the FTSE 100 added 0.2%.