German Retail Sales rise by 4.4% YoY in April vs. 10.1% expected, EUR/USD in lows

• German Retail Sales dropped by 5.5% MoM in April vs. -2.0% expected.

• Retail Sales increased by 4.4% YoY in April vs. 10.1% expected.

According to the latest data reported by Germany’s Destatis on Wednesday, the country’s Retail Sales fell by 5.5% MoM in April versus -2.0% expected and 7.7% last.

On an annualized basis, the German Retail Sales came in at 4.4% in April versus 10.1% seen in March and 11.0% expected.

more to come ...