Retail sales drop in Germany, French inflation stays low


Retail sales in Germany fell by 2.2 percent in July compared to a month earlier. The German Federal Statistical Office reported the data.

The decline was stronger than expected, as economists generally expected a fall in retail sales of 0.5 percent. Sales rose by a revised 3 percent in June. Year-on-year sales of German retailers climbed 4.4 percent in July. An average 3.3 percent increase was predicted by economists.

Inflation in France remained unchanged in August at 1.1 percent on an annual basis compared to July. The French statistics agency reported this on the basis of provisional figures.

Economists generally expected inflation to fall to 1 percent. On the basis of the European harmonized measurement method, French inflation amounted to 1.2 percent, compared to 1.3 percent a month earlier. This figure corresponds to the consensus of economists.

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Abaigael Schlomski

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