German Retail Sales Fall 3.4 Percent in July
German retail sales dropped by 3.4 percent in July, defying analyst expectations for a slight increase. The federal statistics office released the weaker than anticipated data on Tuesday.
Retail sales in Germany fell 3.4% in July compared with the previous month, according to federal data released on Tuesday morning. The drop missed expectations of a 0.4% increase. It marks a sharp reversal for consumer spending in Europe's largest economy.
