Retail sales in Germany surged 1.70% in August reaching a 13-month high and beating estimates of 0.40%, data from Destatis showed on Wednesday. However, on an annualized basis, retail sales were weaker, falling -1.50%. June's retail sales were revised to show a -0.60% decline from -0.10% declines while on an annual basis, retail sales for June were revised from 2.70% to 2.30% due to food, tobacco and beverage sales.
Oil Prices Fall After Back-To-Back Builds In Inventory
Daily Analysis - 01/09/2016