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German Retail Sales fell 1.4%

Monday, Oct 31 2016
German Retail Sales fell 1.4%

According to provisional results of the Federal Statistical Office (Destatis), retail turnover in September 2016 in Germany increased in real terms 0.4% and in nominal terms 1.0% compared with the corresponding month of the previous year. The number of days open for sale was 26 in September 2016 and 26 in September 2015, too.

Compared with the previous year, turnover in retail trade was in the first nine months 2016 in real terms 2.1% and in nominal terms 2.2% larger than in in the corresponding period of the previous year. When adjusted for calendar and seasonal variations (Census-X-12-ARIMA), the September turnover was in real terms 1.4% and in nominal terms 1.1% smaller than that in August 2016.

 

Euro is currently being traded few points above 1.0960 level. Pair is likely to find support around 1.09 handle and resistance aboe 1.10 area.

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