German Retail Sales rise 2.1% YoY in August

Market news

10 October 2024

German Retail Sales rise 2.1% YoY in August

Germany's Retail Sales increased by 1.6% MoM in August, the official data released by Destatis showed on Thursday.

The monthly June Retail Sales figure for Germany stood at -1.1% while that for July came in at 1.5%.

Annually, Retail Sales in the Eurozone's top economy grew by 2.1% in August.

EUR/USD reaction to the German data

German data fails to move the needle around the Euro, keeping EUR/USD at around 1.0935, flat on the day, as of writing.

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