At 08:00 (GMT+2), Germany will publish its July retail sales data, an indicator that records the monthly quantity of all goods sold by retailers based on a sample of retail stores of different types and sizes. It is the primary indicator of consumer spending, which influences the Gross Domestic Product (GDP). On a monthly basis, it is likely to decline from 1.0% to –0.2%, which could have a negative impact on the euro's positions.
