Germany August retail sales 0.5% vs 0.5% expected


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. 

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