Germany retail sales rose 3.5% mom in June, well above expectation of 0.5% mom. Over the year, retail sales dropped -1.9% yoy. Compared with the previous year, turnover in retail trade was in the first six months of 2019 in real terms 2.2% higher than in the corresponding period of the previous year.
Also from Germany, unemployment rose 1k in July versus expectation of 2k. Unemployment claims rate was unchanged at 5.0%, matched expectations.
