Germany October retail sales -1.5% vs -0.3% m/m expected

• Prior +1.2%

That’s a big miss in German retail sales with the drag largely stemming from non-food retail trade, which fell by 2.2% on the month. Despite a better showing at the end of Q3, the drag here highlights the ongoing struggles for the German consumer ahead of the holiday period.

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