Germany Retail Sales Unexpectedly Fall In February
Germany's retail sales posted an unexpected decline in February, data from Destatis revealed on Thursday.
Retail sales decreased 1.9 percent from January, confounding expectations for an increase of 0.3 percent.
On a yearly basis, retail sales decreased 2.7 percent in real terms, worse than economists' forecast of 0.8 percent drop.
Food sales were down 1.7 percent from the previous month and non-food retailing slid 1.0 percent.
In nominal terms, retail sales dropped 1.8 percent on month and by 0.4 percent annually in February.
Economic News
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