Germany February retail sales +0.8% vs 0.0% m/m expected

• Prior +0.2%; revised to +0.7%

That’s a strong beat on estimates with an upwards revision to January to boot. It points to a good start to the new year for German retail spending, after a more disappointing holiday period at the end of last year. Looking at the breakdown, food store sales were seen up 0.8% on the month while non-food retail sales were seen up 0.6% on the month. This is most certainly a welcome development for the German economy to kick start the 2025 year.

This article was written by Justin Low at www.forexlive.com.