German retail sales increased 2.1% YoY and 1.6% MoM in August, exceeding expectations.
Germany's retail sales rose by 2.1% year-over-year and 1.6% month-over-month in August, exceeding expectations and rebounding from previous declines. Food sales contributed significantly, increasing by 1.9%. Despite these positive figures, the EUR/USD exchange rate remained stable around 1.0935. The Federal Statistical Office resumed regular data releases after a temporary suspension due to IT issues.
October 10, 2024
6 Articles