Investing.com – Retail sales in Germany declined unexpectedly in July, official data showed on Wednesday.
In a report, Germany’s Federal Statistics Office said retail sales declined by a seasonally adjusted -0.3% in July, after falling -0.3% in June, whose figure was revised from -0.9%.
Analysts had expected retail sales to rise by 0.6% in July.
The report also showed that retail sales rose by a seasonally adjusted 0.8% year-on-year.
Following the release of the data the euro was up against the U.S. dollar, with EUR/USD gaining 0.30% to hit 1.2718.
In a report, Germany’s Federal Statistics Office said retail sales declined by a seasonally adjusted -0.3% in July, after falling -0.3% in June, whose figure was revised from -0.9%.
Analysts had expected retail sales to rise by 0.6% in July.
The report also showed that retail sales rose by a seasonally adjusted 0.8% year-on-year.
Following the release of the data the euro was up against the U.S. dollar, with EUR/USD gaining 0.30% to hit 1.2718.