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German Retail Sales down by 0.5% in February

Tuesday, Mar 31 2015
According to provisional results of the Federal Statistical Office, retail turnover in February 2014 in Germany increased 3.6% in real terms and 2.8% in nominal terms compared with the corresponding month of the previous year. The number of days open for sale was 24 in February 2015 and 24 in February 2014, too.
 
When adjusted for calendar and seasonal variations, the February turnover was in real terms 0.5% and in nominal terms 0.2% smaller than in January 2015. Analysts were anticipating 0.9% decrease.Compared with the previous year, turnover in retail trade was in the first two months of 2015 in real terms 4.3% and in nominal terms 3.3% larger than in the corresponding period of the previous year.
 
Data did not have any major impact on the markets with euro currently being traded around 1.0780 area. Pair is likely to find support around 1.07 handle and resistance above 1.0850 level. Later today, French Consumer Spending, German Unemployment Change and Eurozone CPI and Unemployment Rate figures are scheduled for a release.
More in this category: « Pending Home Sales increased by 3.1% French Consumer Spending rose by 0.1% »

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