German stocks showed little movement on Friday following the release of stark data indicating a significant drop in the country's retail sales for April.
According to Destatis, German retail sales diminished by 1.2 percent month-on-month in April, a figure that came as a surprise to economists who had anticipated a modest decline of just 0.2 percent.
Additional data highlighted that Germany’s import prices experienced the slowest decline since the downward trend began in March 2023, while export prices saw an annual decrease of 0.2 percent.
The benchmark DAX inched slightly higher to 18,499, following a modest rise of 0.1 percent on Thursday.
Meanwhile, the yield on Germany's Bund, the eurozone bench surrounding high, remained near six-month peaks ahead of impending inflation reports from both sides of the Atlantic.
