German Retail Sales jump 13.9% MoM in May vs. +3.9% expected, EUR/USD keeps the red

• German Retail Sales rebounded 13.9% MoM in May vs. +3.9% expected.

• Retail Sales jumped 3.8% YoY in May vs. -3.5% expected.

more to come ...

About German Retail Sales   

The Retail Sales released by the Statistisches Bundesamt Deutschland is a measure of changes in sales of the German retail sector. It shows the performance of the retail sector in the short term. Percent changes reflect the rate of changes of such sales. The changes are widely followed as an indicator of consumer spending. The positive economic growth usually anticipates "Bullish" for the EUR, while a low reading is seen as negative, or bearish, for the EUR.