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New data Retail Sales YoY (Sep)

10/31/2024

actual 3.8, previous 2.1

The event is "Retail Sales YoY (Year-over-Year) for September" in Germany. The actual value reported is 3.8%, which is higher than the previous value of 2.1%. This indicates an increase in retail sales compared to the previous period. The estimate was 1.6%, so the actual value exceeded expectations.

This event is considered to have a high impact on the market, especially for the Euro (EUR) currency. A higher retail sales figure is generally seen as positive for the economy, as it suggests increased consumer spending and economic growth. In this case, the higher-than-expected retail sales could potentially have a positive effect on the Euro and market sentiment towards the German economy.

This is not investment advice. Remember to verify the information provided here.

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