German Retail Sales increased by 0.2%

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Friday, Jan 30 2015

Retail turnover in December 2014 in Germany increased 4.0% in real terms and 3.5% in nominal terms compared with the corresponding month of the previous year. The number of days open for sale was 25 in December 2014 and 24 in December 2013.

When adjusted for calendar and seasonal variations, the December turnover was in real terms 0.2% and in nominal terms 0.1% larger than that in November 2014. Analysts were forecasting 0.4% increase.

Compared with the previous year, turnover in retail trade was in the whole year 2014 in real terms 1.4% and in nominal terms 1.7% larger than that in 2013.

Data did not have any major impact on the markets. Euro is currently being traded around 1.1340 level. Pair is likely to find support around 1.1260 area and resistance near 1.14 handle. Later today, French Consumer Spending, Spanish GDP and CPI as well as Eurozone CPI and Unemployment Rate figures are scheduled for a release.

More in this category: « Australian PPI rose by 0.1% Sharp incline in French Consumer Spending »

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