Wed, 31 Jul 2013 09:22:05 GMT
German retail sales drop surprisingly
German retail sales fell surprisingly in June, underlining the worries that about Europe's recovery depended on consumer spending. It was expected that retail sales will rise 0.2%; however, they declined 1.5% from May, when sales climbed 0.7%, according to Federal Statistics Office. For comparison, they fall 2.8% compared to previous year.