FX & CFD trading involves significant risk
Retail Sales in Europe's largest economy expanded in January far more than analysts had expected. The Federal statistics office Destatis stated the boost in sales comes amid lower consumer prices and strong consumption. Retailers profited from the high employment rate, the highest in Europe. Falling energy prices left consumers with more money to spend. Seasonally adjusted sales rose +2.9%, compared to revised +0.6% (previous +0.2%) in December. Analysts expected an increase of +0.6%.
On an annual basis Retail Sales rose +5.3%, the most since 2010. The previous reading was revised up from +4.0% to +4.8%.
All posted material is a marketing communication solely for informational purposes and reliance on this may lead to loss. Past performance is not a reliable indicator of future results. Please read our full disclaimer.