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German Retail Sales up by 1.7%

Friday, May 29 2015
According to provisional results of the Federal Statistical Office, retail turnover in April 2015 in Germany increased 1.0% in real terms and 1.3% in nominal terms compared with the corresponding month of the previous year. The number of days open for sale was 24 in April 2015 and 24 in April 2014, too.
 
When adjusted for calendar and seasonal variations, the April turnover was in real terms 1.7% and in nominal terms 2.4% larger than in March 2015. Analysts were predicting smaller incline by 1.1%. Compared with the previous year, turnover in retail trade was in the first four months of 2015 in real terms 3.1% and in nominal terms 2.6% larger than in the corresponding period of the previous year.
 
After the data euro fell slightly and is currently being traded few points above 1.0950 area. Pair is likely to find support around 1.0850 level and resistance around 1.10 handle. Later today, Spanish CPI and M3 Money Supply figures will be released.
More in this category: « Private Sector Credits rose by 0.3% M3 Money Supply increased to 5.3% »

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