German Retail Sales Fall 2.0% in September from August
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German Retail Sales Fall 2.3% Year-on-Year in September
German retail sales slumped to -2.3% year-on-year in September, down sharply from -0.4% in August and well below the -0.2% forecast. The deterioration signals weakening consumer demand across the Eurozone's largest economy, a key stage in the macro chain tracking whether demand can hold up as labour softens. Traders watch next for Eurozone CPI and core CPI flash estimates on 4 November, then ECB President Lagarde's speech on 5 November.
https://x.com/FirstSquawk/status/2117149867873370427German Real Retail Sales Fall to -2.3% Year-on-Year
German real retail sales deteriorated to -2.3% y/y from -0.4%, signaling weakening consumer demand across the Eurozone. This feeds the demand stage of the EUR macro chain ahead of inflation data due 04 Nov. Weakening demand may ease ECB rate-cut pressure, but compounds concerns about growth as sovereign-debt stress dominates EUR trading.
https://x.com/financialjuice/status/2117149870012158271New to MyTradingLand?
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