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German Retail Sales Unexpectedly Fall In September

Por: RTTNews Business October 31, 2023

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Germany's retail sales declined in September, defying expectations for a rebound, as high inflation and interest rates continued to damp spending.Retail sales fell 0.8 percent month-on-month following a 1.2 percent slump in August, preliminary data from the statistical office Destatis showed Tuesday. Economists had forecast a 0.5 percent gain.Sales of food grew 2.2 percent from the previous month, while those of non-food goods shrunk 3.7... + full article



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