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German Retail Sales decreased by 0.4%

Friday, Sep 30 2016

According to provisional results of the Federal Statistical Office (Destatis), retail turnover in August 2016 in Germany increased in real terms 3.7% and in nominal terms 3.9% compared with the corresponding month of the previous year. The number of days open for sale was 27 in August 2016 and 26 in August 2015.

Compared with the previous year, turnover in retail trade was in the first eight months 2016 in real terms 2.2% and in nominal terms 2.3% larger than in in the corresponding period of the previous year.  When adjusted for calendar and seasonal variations (Census-X-12-ARIMA), the August turnover was both in real terms and in nominal terms 0.4% smaller than that in July 2016.

 

Euro is currently being traded around 1.1240 handle. Pair is likely to find support around 1.12 area and resistance above 1.1280 level.

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