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Indicator Digest

Retail Sales
Retail sales is a signal of economic growth because it measures how much money is spent at the consumer level. Consumer consumption accounts for two-thirds of many developed economies.

Main Indicator: Retail Sales m/m

Most Recent Release

March
3rd, 2010
Actual Forecast Previous Revised Form
0.0% -0.5% 0.9% N/A

Table of Past Data

5/297/18/39/110/110/3012/11/72/23/3
Actual0.5%0.4%-1.8%0.7%-1.5%-0.5%0.5%-1.1%0.8%0.0%
Forecast0.5%-0.1%0.4%0.7%0.0%0.7%0.6%0.4%0.9%-0.5%
Previous-0.4%0.5%-1.3%-1.3%0.7%-1.8%-0.2%0.0%-1.7%0.9%
Revised FromN/AN/AN/AN/AN/A-1.5%N/A0.5%N/AN/A

Past Releases

February
2nd, 2010
Actual Forecast Previous Revised Form
0.8% 0.9% -1.7% N/A

For December (s.a.)
Provided by: Federal Statistics Office (Destatis)
Official Release: Press Release  Data: HTML

Retail Sales y/y: -1.8%, pr. -2.8% (Nov), -1.6% (Oct), -3.9% (Sep),
-2.9% (Aug), -0.8% (Jul), -1.6% (Jun), -2.9% (May), -0.8% (Apr),
-1.5% (Mar), -6.2% (Feb), -1.3% (Jan), -0.3% (Dec), -3.0% (Nov)

January
7th, 2010
Actual Forecast Previous Revised Form
-1.1% 0.4% 0.0% 0.5%

For November (s.a.)
Provided by: Federal Statistics Office (Destatis)
Data: HTML

Retail Sales y/y: -2.8%, pr. -1.6% (Oct), -3.9% (Sep), -2.9% (Aug),
-0.8% (Jul), -1.6% (Jun), -2.9% (May), -0.8% (Apr), -1.5% (Mar),
-6.2% (Feb), -1.3% (Jan), -0.3% (Dec), -3.0% (Nov), -0.8% (Oct),
2.4% (Sep), -3.0% (Aug), 0.0% (Jul), -3.9% (Jun), 0.7% (May)

December
1st, 2009
Actual Forecast Previous Revised Form
0.5% 0.6% -0.2% N/A

For October (s.a.)
Provided by: Federal Statistics Office (Destatis)
Data: HTML

Retail Sales y/y: -1.7%, pr. -3.9% (Sep), -2.9% (Aug), -0.8% (Jul),
-1.6% (Jun), -2.9% (May), -0.8% (Apr), -1.5% (Mar), -6.2% (Feb),
-1.3% (Jan), -0.3% (Dec), -3.0% (Nov), -0.8% (Oct), 2.4% (Sep),
-3.0% (Aug), 0.0% (Jul), -3.9% (Jun), 0.7% (May)

Germany’s retail sales increased 0.5% m/m in October, rebounding from a revised 0.2% m/m decline in September, the Federal Statistical Office reported. October retail sales fell 1.7% y/y. The numbers came in as forecast.

October
30th, 2009
Actual Forecast Previous Revised Form
-0.5% 0.7% -1.8% -1.5%

For September (s.a.)
Provided by: Federal Statistics Office (Destatis)
Data: HTML

Retail Sales y/y: -3.9%, forecast -2.2%, pr. -2.9% R- (Aug),
-0.8% (Jul), -1.6% (Jun), -2.9% (May), -0.8% (Apr), -1.5% (Mar),
-6.2% (Feb), -1.3% (Jan), -0.3% (Dec), -3.0% (Nov), -0.8% (Oct),
2.4% (Sep), -3.0% (Aug), 0.0% (Jul), -3.9% (Jun), 0.7% (May)

October
1st, 2009
Actual Forecast Previous Revised Form
-1.5% 0.0% 0.7% N/A

For August (s.a.)
Provided by: Federal Statistics Office (Destatis)
Data: HTML

Retail Sales y/y: -2.6%, forecast -0.8%, pr. -0.8% (Jul), -1.6% (Jun),
-2.9% (May), -0.8% (Apr), -1.5% (Mar), -6.2% (Feb), -1.3% (Jan),
-0.3% (Dec), -3.0% (Nov), -0.8% (Oct), 2.4% (Sep), -3.0% (Aug),
0.0% (Jul), -3.9% (Jun), 0.7% (May), -0.2% (Apr)

September
1st, 2009
Actual Forecast Previous Revised Form
0.7% 0.7% -1.3% N/A

For July (s.a.)
Provided by: Federal Statistics Office (Destatis)
Data: HTML

Retail Sales y/y: -1.0%, forecast -1.2%, pr. -1.6% (Jun),
-2.9% (May), -0.8% (Apr), -1.5% (Mar), -6.2% (Feb), -1.3% (Jan),
-0.3% (Dec), -3.0% (Nov), -0.8% (Oct), 2.4% (Sep), -3.0% (Aug),
0.0% (Jul), -3.9% (Jun), 0.7% (May), -0.2% (Apr)

German retail sales rose 0.7% on the month in July matching forecasts, after declining 1.3% and 1.0% in June and May, respectively.Sales were 1% lower than they were one year ago. The data shows that consumers opened up their wallets once again, but it will take several month of positive data to give economists a sense that they are back for good. Instead with unemployment remaining high, consumer spending is more likely to see fits and starts, though some programs like a government incentives to purchase cars can help shore up demand. Unemployment figures for Germany were positive today, which can help ease the pressure on consumers. It will be Germany, which has already posted positive growth in the second quarter that will be the main driver getting the wider Euro-zone economy out of its recession. 

August
3rd, 2009
Actual Forecast Previous Revised Form
-1.8% 0.4% -1.3% N/A

For June (s.a.)
Provided by: Federal Statistics Office (Destatis)
Data: HTML

Retail Sales y/y: -1.6%, forecast 0.9%, pr. -2.9% (May), -0.8% (Apr),
-1.5% (Mar), -6.2% (Feb), -1.3% (Jan), -0.3% (Dec), -3.0% (Nov),
-0.8% (Oct), 2.4% (Sep), -3.0% (Aug), 0.0% (Jul), -3.9% (Jun),
0.7% (May), -0.2% (Apr)

German retail sales slid 1.8% in June, an unexpected drop and now the second month in a row that sales have decreased. From a year earlier, sales were down 1.6%, also a figure that undershot expectations. As unemployment remains a big concern in the major economies following the worst parts of the recession, it is no wonder that consumers are reducing their spending. That will complicate a recovery in the largest economy in the Euro-zone. Government stimulus measures have softened the blow to private consumption while consumer prices posted their first annual decline in more than 22 years in July on the back of falling food and energy costs. 

July
1st, 2009
Actual Forecast Previous Revised Form
0.4% -0.1% 0.5% N/A

For May (s.a.)
Provided by: Federal Statistics Office (Destatis)
Data: HTML

Retail Sales y/y: -2.9%, pr. -0.8% (Apr), -1.5% (Mar), -6.2% (Feb),
-1.3% (Jan), -0.3% (Dec), -3.0% (Nov), -0.8% (Oct), 2.4% (Sep),
-3.0% (Aug), 0.0% (Jul), -3.9% (Jun), 0.7% (May), -0.2% (Apr)

May
29th, 2009
Actual Forecast Previous Revised Form
0.5% 0.5% -0.4% N/A

For April (s.a.)
Provided by: Federal Statistics Office (Destatis)
Data: HTML

Retail Sales y/y: -0.8%, pr. -1.5% (Mar), -6.2% (Feb), -1.3% (Jan),
-0.3% (Dec), -3.0% (Nov), -0.8% (Oct), 2.4% (Sep), -3.0% (Aug),
0.0% (Jul), -3.9% (Jun), 0.7% (May), -0.2% (Apr)