Economic Buzz: German Retail Sales Plunge 5.5% On Month In December

1 Feb 2022 , 02:05 PM

Germany retail sales fell by real 5.5 percent on a monthly basis, reversing a 0.8 percent rise in November, data released by Destatis showed Tuesday. On a yearly basis, retail sales remained flat after rising 0.5 percent in the prior month. Sales were expected to gain 1.1 percent. Food, beverages and tobacco sales declined 4.1 percent, while non-food sales grew 2.8 percent annually.

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