It is strong indicator for Euro-zone traders. It measures the change in retail sales likens the aggregated sales of retail goods and services during a definite month to the same month a year ago. German Retail Sales is key indicator for consumer spending which accounts for majority of economic activity.
German Retail Sales data is released usually on monthly basis at 9:30 GMT by Federal Statistical Office Germany. Reading higher than expected indicate bullish market trend while lower than expected taken as bearish trend.