Release Explanation: Retail sales are a very important set of figures that make up a large percentage of consumer spending numbers. Retail sales are the measure of the total sales of goods and services by retail stores. Retail Sales is an important measure of consumer spending and inflationary pressures.
Trade Desk Thoughts: German retail sales rose more than forecasted, by 0.7% compared with the expected 0.4%. However, from one year earlier, retail sales are down in Germany by 3.0%. German retail sales show consumption is slowing in Europe’s biggest economy, and this will certainly affect the country, as consumption is a very important component of the GDP number
Forex Technical Reaction: The euro moved slightly lower in the Asian session, falling under the neutral pivot point (1.3680)
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German Retail Sales Rose 0.7% in Nov, But Still Down YoY
Published 12/31/2000, 07:00 PM
Updated 01/09/2009, 02:24 AM
German Retail Sales Rose 0.7% in Nov, But Still Down YoY
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