Fri, 31 Aug 2012 08:10:14 GMT
German retail sales drop in July
Germany's retail sales tumbled on month in July, opposing economists' expectations of a growth, the Federal Statistical office reported on Friday. Retail sales slid 0.9% on month, compared to a 0.5% surge in June. On year-on-year basis, retail sales turnover fell 1% in July, from a 3.7% increase in the preceding month, while economists forecast a 0.1% rise.