Germany January retail sales +0.2% vs 0.0% m/m expected

• Prior -1.6%

German retail sales is seen bouncing back a little to start the new year, after the poor showing during the holiday period. Food sales were up 1.5% on the month while non-food retail trade fell by 0.2% on the month. But again, the much softer showing in December must be taken into context when viewing the slightly better reading above.

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