Latest data released by Destatis – 30 August 2019
- prior -2.2% revised -1.6%
- retail sales 3.2% y/y vs 2.9% expected
- 4.4% prior
Monthly reading as expected and y/y reading ticks up. The big worry for the eurozone is if/when the slowing manufacturing data flows into services and consumption activity. Nothing to see here to that end, EURUSD unfazed by the release.