Germany December retail sales -1.6% vs +0.7% m/m expected
Prior -2.5%Slight delay in the release by the source. This just adds further evidence to the struggles in German consumption activity as of late. Households are being pinched by higher price pressures and the data indications seem to be getting worse every month. Real sales in food retail was seen down 3.9% in 2023 and down 5.0% when compared to pre-Covid levels. This article was written by Justin Low at www.forexlive.com.
- Prior -2.5%
Slight delay in the release by the source. This just adds further evidence to the struggles in German consumption activity as of late. Households are being pinched by higher price pressures and the data indications seem to be getting worse every month. Real sales in food retail was seen down 3.9% in 2023 and down 5.0% when compared to pre-Covid levels.
