Forexpros – Retail sales in Germany rose less-than-expected in September, official data showed on Monday.
In a report, Germany’s Statistics Office said retail sales rose by a seasonally adjusted 0.4% in September, disappointing expectations for a 1.1% gain.
The previous month’s figure was revised to a 2.7% drop from a previously reported 2.9% decline.
The data showed that German retail sales rose at annualized rate of 0.3% in September, after rising 2.2% in August.
Following the release of that data, the euro was down against the U.S. dollar, with EUR/USD dropping 1.01% to trade at 1.4006.
Meanwhile, the outlook for European stock markets was downbeat. The EURO STOXX 50 futures pointed to a loss of 1.05%, France’s CAC 40 futures fell 0.85%, the FTSE 100 futures declined 0.95%, while Germany’s DAX futures dropped 1.1%.
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