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GERMAN RETAIL SALES DROP 1.4% YOY IN JANUARY VS. -1.5% EXPECTED

Alan xi
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Germany's Retail Sales fell 0.4% MoM in January, slowing from a 1.6% decline seen in December, the official data released by Destatis showed on Thursday. The market expectations were for a 0.5% increase.

Retail Sales in the Eurozone's biggest economy dropped 1.4% YoY in January versus a 1.7% annual fall reported in December, coming in above the forecast of -1.5%.


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