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Germany May retail sales +0.4% vs 0.0% m/m expected

Prior +0.8%Retail sales -3.6% vs -4.3% y/y expectedPrior -4.3%Despite the beat above, German retail sales is still rather subdued when you look into the details. In real terms, retail sales are still down 3.6% compared to the same period last year as opposed to the nominal reading - which shows a 2.8% increase. A lot of that has to do with a divergence in the value of retail sales in groceries though (can anyone say inflation?): This article was written by Justin Low at www.fore... Read More

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Germany

Retail

Sales

Expected

Forex

Posted: Jun 30 2023, 06:00

Author Name: forexlive

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