wrapper

German Retail Sales up by 0.5%

Tuesday, Jun 30 2015
According to provisional results of the Federal Statistical Office, retail turnover in May 2015 in Germany decreased 0.4 % in real terms and was in nominal terms equal to that (0.0 %) in the corresponding month of the previous year. The number of days open for sale was 23 in May 2015 and 25 in May 2014.
 
When adjusted for calendar and seasonal variations, the May turnover was in real terms 0.5 % and in nominal terms 0.4 % larger than in April 2015. Analysts were predicting no change. Compared with the previous year, turnover in retail trade was in the first five months of 2015 in real terms 2.4 % and in nominal terms 2.2 % larger than in the corresponding period of the previous year.
 
Data did not have any major impact on the euro, which is currently being traded few points above 1.1180 level. Pair is likely to find support around 1.1160 area and resistance near 1.1250 level. Later today, German Unemployment Change as well as Eurozone CPI and Unemployment Rate figures are scheduled for a release.
 
More in this category: « Home Sales in Australia dipped 2.3% in May UK Current Account deficit narrowed less than expected »

Latest from Editor

About Us

Forex Web News is part of Rolling Capital Network providing financial consulting.

Within the Forex Web News we provide our readers with expert and timely technical analyses, fundamental analyses and news; with one aim – for our readers to make best possible financial decisions.

Forex Web News desks and analysis department follow the international markets closely and create high quality proprietary content on a both daily and weekly basis.

.

All our analysts have several years of trading and analysis experience. The Forex Web News analysis team creates daily and weekly analyses and offer forecasts regarding where they believe the markets are heading. Our readers are provided with data displayed both in texts and on graphs, providing them the fullest understanding of what is happening in the market place.

We are constantly growing our news desks and our analysis departments as we strive to broaden the content we provide to visitors of the Forex Web News.

Disclaimer

Rolling-capital.com – The company, employees, subsidiaries and associates, are not liable nor shall they be held liable jointly or severally for any loss or damage as a result of reliance on the information provided on this website. The data contained in this website is not necessarily provided in real-time nor is it necessarily accurate. All prices herein are provided by market makers and not by exchanges. As such prices may not be accurate and they may differ from the actual market price. rolling-capital.com bears no responsibility for any trading losses you might incur as a result of using any data within the Forex Web News.