Inflation and high economic uncertainty have dented private spending, an official report indicates Retail sales in Germany fell sharply in December in a sign of weakening consumer spending in the country even during the Christmas season, data published by the country’s statistics service Destatis revealed on Tuesday. Spiraling inflation, a raging energy crisis and expectations of a further slowdown in Europe’s largest economy have eroded consumer activity, sending retail sales down 6.4% year-on-year in December, much worse than the 1.8% anticipated by economists, data showed. On a monthly basis, retail turnover sl
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