GERMANY DATA: Retail sales continued to trend downwards, falling
0.3% on the month in May and bringing levels down 1.1% on the
year, the Federal Statistical Office reported on Friday.
— Germany May m/m retail sls below all fcsts (MNI median +0.3%)
— Germany April m/m retail sales revised down to -0.2% (0.6%)
— Germany April+May avg sa retail sls +0.7% vs 1q avg,1q -0.7% q/q
— Germany May sales 3mma (March-May:February-April) +0.5%, April +0.3%
— See MNI MainWire for details
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