Germany August retail sales +1.6% vs +0.1% m/m expected

• Prior -1.2%

The German stats office had suspended the retail sales data release since June due to “IT problems” but are now resuming it as per the regular schedule. Looking at the details, food retail sales contributed a big part to the beat as it rose by 1.9% on the month. There are some methodological changes as well to the reporting now, as outlined here.

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