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.
Peretz M. is an accomplished economist and financial journalist with a deep understanding of the global economy and financial markets. He is a regular contributor to EconomicInform, where he provides expert analysis and commentary on current economic trends and events. With a strong educational background in economics, Peretz has a talent for breaking down complex economic concepts for a general audience and is able to provide insightful perspectives on a wide range of economic issues.