Latest German Retail Sales: 1.8% vs Forecast 1.9%, EURUSD Declines

Germany has unveiled its retail sales figures, which have influenced the EURUSD currency pair during trading on Friday (January 31, 2025).

The retail sales for January registered a 1.8% year-on-year (YoY) increase, falling short of the forecast by Trading Central at 1.9% YoY, and significantly lower than the previous month’s figure of 2.5% YoY.

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On a monthly basis, or month-on-month (MoM), retail sales showed a decline of -1.6% MoM, contrasting with the forecast of 0.2% MoM and the prior month’s -0.6% MoM.

Following this release, the EURUSD slipped to around 1.03913.

This data underscores the fragile economic situation in Germany, especially following Thursday’s report of a fourth-quarter 2024 economic growth (Gross Domestic Product/GDP) of -0.2% YoY, which was below the forecast of 0.1% YoY from Trading Central. These figures reinforce the possibility of the European Central Bank (ECB) deciding to lower interest rates again in the near future.

This scenario has created a negative sentiment surrounding the EURUSD.