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At 08:00 (GMT+2), May data on retail sales will be released in Germany. The indicator captures the number of all goods sold by retailers on a monthly basis, based on a sample of stores of different types and sizes. It is an important indicator of consumer spending and has a significant impact on GDP. The value is expected to rise from –5.4% to –0.2% MoM. Implementation of the forecast may support the euro.
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