Germany October retail sales -1.5% vs -0.3% m/m expected

  • Latest data released by Destatis - 29 November 2024
  • Prior +1.2%

That's a big miss in German retail sales with the drag largely stemming from non-food retail trade, which fell by 2.2% on the month. Despite a better showing at the end of Q3, the drag here highlights the ongoing struggles for the German consumer ahead of the holiday period.

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