German retail prices on strongest decline since 2007


Retail sales in Germany shrunk sharply in December. According to figures from the German Federal Statistical Office, retail sales declined by 3.3 percent on a monthly basis, after an adjusted increase of 1.6 percent in November.

It is the strongest decrease since mid-2007. Sales of food, drink and tobacco products decreased. Economists generally expected a decrease of 0.5 percent. On an annual basis, store sales in Europe’s largest economy climbed by 0.8 percent in December, following an increase of 2.8 percent a month earlier.

Over the whole of 2019, German store sales increased by 2.7 percent compared to 2018.

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