Germany July retail gross sales -1.5% vs -Zero.four% m/m anticipated

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  • Prior +1.Zero%

That is an actual bummer as German retail gross sales as soon as once more is available in with a giant miss on estimates. Of word, gross sales within the meals retail sector fell by 1.eight% in comparison with June. In the meantime, non-food retail sector gross sales additionally declined by Zero.7% on the month. However in comparison with the identical month final 12 months, retail gross sales are not less than seen up 1.9%.

This text was written by Justin Low at investinglive.com.

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