Germany April retail sales -1.2% vs -0.1% m/m expected ...Middle East

Prior +1.8%Death, taxes, and German retail sales underperforming. Once again, this marks another disappointing reading as the drag was mostly down to food sales in April. That fell by 3.4% in nominal terms while non-food retail sales rose by 0.2% on the month. As much as there has been optimism surrounding the German economy to start the year, this is still a bit of a sluggish spot amid higher prices. This article was written by Justin Low at www.forexlive.com.

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