German retail sales unexpectedly decline in December

Source: RTT News
© Scanpix/Reuters
Retail sales in Germany surprisingly decreased in December, the data from the Destatis showed on Friday. Turnover in retail sector dropped 2.5% on a monthly basis, pointing on weakness during the Christmas season. Analysts expected the sales to add 0.2% after a 0.9% increase in November. At the same time, on monthly basis retail sales in the country plummeted 2.4%.
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