- Prior -1.5%; revised to -0.5%
Death, taxes, and poor German economic data. What else is new. That being said, the lower reading for August here comes after a notable upwards revision to the July estimate. However, it still marks another monthly drop in retail sales as the slump in consumption activity continues. Looking at the details, food sales were down 0.6% and non-food store sales were down 1.3%.
