Consumer spending and consumption is starting to solidify in Europe's largest economy with the support of all the stimulus measures taken alongside massive discounts offered by retailers to attract customers, especially as we near further the holiday shopping season.

Retail Sales advanced by 0.5% in October following 0.2% drop in September, which was revised from the original estimate of -0.5%. On the year the slump eased to -1.7% from revised previous of -3.2%; where both were inline with median estimates.