German Retail Sales up by 1.0%

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Wednesday, Jan 07 2015

When adjusted for calendar and seasonal variations the November retail trade turnover in Germany was in real terms 1.0% than that in October 2014. Analysts were forecasting smaller increase by 0.2%. In nominal terms it was 0.7% larger than that in October 2014.

Retail turnover 2014 in Germany is expected to be in real terms between 1.1% and 1.3% larger than that in 2013. In nominal terms turnover is expected to increase by between 1.5% and 1.7%. In November 2014 retail trade was in real terms 0.8% and in nominal terms 1.1% smaller than that in November 2013.

Data did not have any major impact on euro, which is currently being traded around 1.1860 area. Pair is likely to find support around 1.1820 level and resistance above 1.1930 area. Later today, German Unemployment Change and Eurozone CPI and Unemployment rate figures are scheduled for a release.

More in this category: « US Non-Manufacturing PMI dropped to 56.2 German unemployment decreased by 27,000 »

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