Germany February retail sales +1.2% vs +0.1% m/m expected

Latest data released by Destatis - 1 April 2020

  • Prior +0.9%; revised to +1.0%
  • Retail sales +6.4% vs +1.5% y/y expected
  • Prior +1.8%; revised to +2.1%

A solid beat in retail sales activity for the month of February but this predates the virus impact on the German economy so the release doesn't offer much at this point in time.

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