German Retail Sales drop 1.4% YoY in January vs. -1.5% expected

Germany's Retail Sales fell 0.4% MoM in January, slowing from a 1.6% decline seen in December, the official data released by Destatis showed on Thursday. The market expectations were for a 0.5% increase.

Retail Sales in the Eurozone's biggest economy dropped 1.4% YoY in January versus a 1.7% annual fall reported in December, coming in above the forecast of -1.5%.