Investing.com – Retail sales in Germany rose more-than-expected in January, official data showed on Thursday.
In a report, Germany’s Statistics Office said retail sales rose by a seasonally adjusted 1.5% in January, after rising by 0.3% in December, whose figure was revised upwards from a decline of 0.3%.
Analysts had expected retail sales to rise by 0.5% in January.
The data showed that German retail sales rose at annualized rate of 2.6% in January, after dropping by 0.5% in December, beating expectations for an increase of 1.7%.
Following the release of that data, the euro edged up against the U.S. dollar, with EUR/USD adding 0.04% to hit 1.3871.
Meanwhile, the outlook for European stock markets was upbeat. The EURO STOXX 50 futures indicated a gain 0.71%, France’s CAC 40 futures pointed to an increase of 0.69%, Germany's DAX futures added 0.57%, while the FTSE 100 futures pointed a rise of 0.59%.
In a report, Germany’s Statistics Office said retail sales rose by a seasonally adjusted 1.5% in January, after rising by 0.3% in December, whose figure was revised upwards from a decline of 0.3%.
Analysts had expected retail sales to rise by 0.5% in January.
The data showed that German retail sales rose at annualized rate of 2.6% in January, after dropping by 0.5% in December, beating expectations for an increase of 1.7%.
Following the release of that data, the euro edged up against the U.S. dollar, with EUR/USD adding 0.04% to hit 1.3871.
Meanwhile, the outlook for European stock markets was upbeat. The EURO STOXX 50 futures indicated a gain 0.71%, France’s CAC 40 futures pointed to an increase of 0.69%, Germany's DAX futures added 0.57%, while the FTSE 100 futures pointed a rise of 0.59%.