German Retail Sales rebound 3.5% m/m in June, a big beat (EUR unfazed)

According to the latest data reported by Germany’s Destatis, the country’s Retail Sales jumped 3.5% m/m in June versus 0.5% expected and -0.6% last.

On an annualized basis, the German Retail Sales fell 1.6% in June versus +2.7% expected and +4.0% seen in May.