German retail sales drop surprisingly

Note: This section contains information in English only.
Source: Bloomberg
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.

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