German Retail Sales plunge by 5.9% YoY in November vs. -2.5% expected

• German Retail Sales arrived at % YoY in November vs. -2.5% expected.
• Retail Sales in Germany came in at 1.1% MoM in November vs. 1.0% expected.

Germany's Retail Sales rose by 1.1% MoM in November versus 1.0% expected and -2.8% previous, the official figures released by Destatis showed on Friday.

On an annualized basis, the bloc’s Retail Sales plunged by 5.9% in November versus the -2.5% expected and a 5.0% drop recorded in October.