Destatis released its retail sales for Germany on Monday. German adjusted retail sales rose 0.7% in January, exceeding forecasts of a 0.2% gain, after a 0.6% increase in December. December's figure was revised up from a 0.2% decrease.

On a yearly basis, German unadjusted retail sales fell 0.8% in January, missing expectations for a 1.5% gain, after a 2.5% rise in December. December's figure was revised up from a 0.6% increase.

Sales of non-food products decreased at an annual rate of 0.3% in January, while sales of food, beverages and tobacco products slid by 1.4%.