Economic Indicators
German retail sales unexpectedly dip in June
2022.08.01 09:30
Christmas shoppers wear mask and fill Cologne’s main shopping street Hohe Strasse (High Street) during the spread of the coronavirus (COVID-19) pandemic in Cologne, Germany, 12, December, 2020. REUTERS/Wolfgang Rattay
BERLIN (Reuters) – German retail sales fell unexpectedly in June, as high prices push down consumers’ purchasing power, data showed on Monday.
Retail sales decreased 1.6% in real terms compared to the previous month, the Federal Statistical Office reported.
Analysts had predicted a 0.2% increase in a Reuters poll.
