Investing.com – Retail sales in Germany fell unexpectedly in December, declining for a second consecutive month, official data showed on Monday.
In a report, Germany’s Statistics Office said retail sales declined by a seasonally adjusted 0.3% in December, after falling by 1.9% in November, whose figure was revised upwards from a decline of 2.4%.
Analysts had expected retail sales to rise by 1.9% in December.
Following the release of that data, the euro was up against the U.S. dollar, with EUR/USD gaining 0.16% to hit 1.3634.
Meanwhile, the outlook for European stock markets was upbeat. The EURO STOXX 50 futures indicated a gain 0.37%, France’s CAC 40 futures pointed to an increase of 0.66%, Germany's DAX futures added 0.25%, while the FTSE 100 futures pointed a rise of 0.27%.
In a report, Germany’s Statistics Office said retail sales declined by a seasonally adjusted 0.3% in December, after falling by 1.9% in November, whose figure was revised upwards from a decline of 2.4%.
Analysts had expected retail sales to rise by 1.9% in December.
Following the release of that data, the euro was up against the U.S. dollar, with EUR/USD gaining 0.16% to hit 1.3634.
Meanwhile, the outlook for European stock markets was upbeat. The EURO STOXX 50 futures indicated a gain 0.37%, France’s CAC 40 futures pointed to an increase of 0.66%, Germany's DAX futures added 0.25%, while the FTSE 100 futures pointed a rise of 0.27%.