German retail sales unexpectedly fell 1.9% in February, marking the 4th consecutive decline.
German retail sales unexpectedly fell 1.9% in February, marking the fourth consecutive decline, according to official data. Food retail sales dropped by 1.7%, non-food business decreased by 1%, and internet and mail order sales fell by 2.8%. The decline in retail sales has dampened hopes for a recovery in the first quarter as consumer sentiment in Germany remains subdued due to high uncertainty.
March 28, 2024
9 Articles