Latest data released by Destatis - 7 January 2019
- Prior -0.3%; revised to +0.1%
- Retail sales +1.1% vs -0.4% y/y expected
- Prior +5.0%
Slight delay in the release by the source. A strong beat on consumption sentiment but is very much outweighed by the poor factory orders data earlier. The release here continues to highlight solid domestic consumption/demand in the German economy but it is the trade portion that is the real concern and waning factory activity won't help alleviate those fears.
