Tue, 31 Jul 2012 08:46:49 GMT
German retail sales show the longest decline since 2007
German retail sales dropped third month in a row in June on concerns about the results of the Eurozone crisis. On Tuesday, the Federal Statistics Office reported that sales, adjusted for seasonal swings and inflation, decreased 0.1% from May, when they tumbled 0.3%. While entrepreneurs' and investors' confidence slipped in July, consumer sentiment is expected to hit five-month high.