Germany Retail Sales (MoM) For April -1.2% Vs. -0.2% Est.; 2.6% (Revised) Prior
Portfolio Pulse from Benzinga Newsdesk
Germany's retail sales for April fell by 1.2% month-over-month, significantly missing the estimated decline of 0.2% and down from a revised 2.6% increase in the prior month.
May 31, 2024 | 6:06 am
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Germany's retail sales for April fell by 1.2% MoM, significantly missing the estimated decline of 0.2% and down from a revised 2.6% increase in the prior month. This could negatively impact the iShares MSCI Germany ETF (EWG).
The significant miss in retail sales figures suggests a weaker consumer spending environment in Germany, which could negatively impact the performance of the iShares MSCI Germany ETF (EWG) in the short term.
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IMPORTANCE 80
RELEVANCE 100