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Germany January retail sales -0.3% vs +2.0% m/m expected
- Prior -5.3%
- Retail sales -6.9% vs -6.1% y/y expected
- Prior -6.4%
That's a big miss on estimates and after the plunge in retail sales activity in December, this is not a good look for the German consumer. It is evident that high inflation is weighing on household spending and that might bite further at the economy in the months ahead.
This article was written by Justin Low at www.forexlive.com... Read More Posted: Mar 8 2023, 07:00
Author Name: forexlive
Views: 110697