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German Retail Sales up more than expected

Tuesday, Mar 03 2015
Retail turnover in January 2015 in Germany increased 5.3% in real terms and 4.1% in nominal terms compared with the corresponding month of the previous year. The number of days open for sale was 26 in January 2015 and 26 in January 2014, too.
 
When adjusted for calendar and seasonal variations, the January turnover was in real terms 2.9% and in nominal terms 2.2% larger than that in December 2014. Analysts were predicting smaller increase by 0.5%.
 
Data did not have any major impact on the markets.  Euro is currently being traded around 1.12 handle. Pair is likely to find support around 1.1150 and resistance above 1.1240 level. Later today, Spanish Unemployment Change figures are scheduled for a release. 
More in this category: « Aussie up after RBA left interest rates unchanged Spanish Unemployment fell by 13,500 »

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