German retail sales fell in October, data showed on Friday, suggesting that priv...
FILE PHOTO: People carry their shopping bags in downtown Hamburg, Germany, January 25, 2018. REUTERS/Fabian Bimmer
BERLIN - German retail sales fell in October, data showed on Friday, suggesting that private consumption in Europe’s largest economy took a pause for breath before the Christmas shopping season. Retail sales fell 1.9% on the month in real terms after a revised reading of no change in the previous month, data from the Federal Statistics Office showed. October’s fall was the biggest since December last year.
Retail sales are a volatile indicator often subject to revision. The Ifo economic institute said on Monday it expected a “very good Christmas”.Reporting by Paul Carrel; editing by Thomas Seythal
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