German retail sales fell by 0.9 percent in January
German retail sales fell by 0.9 percent in January according to data released today. The decline was sharper than the 0.2 percent drop analysts had predicted.
Xurve View
Xurve View
Retail sales in Germany fell significantly more than anticipated in January, as the country's economy continues to face headwinds. Data released on Monday by the federal statistics office showed a 0.9% month-on-month decrease in retail turnover. This drop was notably steeper than the 0.2% decline projected by analysts in a Reuters poll. The figures underscore the ongoing challenges within the retail sector as consumer demand remains fragile. The federal statistics office has provided further details and a breakdown of the data on its official website.
