Germany April retail sales -1.1% vs 0.2% m/m expected

• Prior -0.2% (revised to 0.9%)
• Retail sales Y/Y 2.3% vs 1.8% expected
• Prior 2.2% (revised to 3.3%)

German retail sales fell in May but we had some big positive revisions to the prior readings. Retail sales data is volatile so it's generally a non market moving release. The data certainly won't change anything for the ECB at this point.