Germany retail sales fell much less than expected

Sep. 01, 2022 2:11 AM ETEWG, GF, EWGS, FGM, DBGR, DXGE, HEWG, DAX, FLGRBy: Gaurav Batavia, SA News Editor4 Comments
  • July Germany retail sales: -2.6% Y/Y vs. -6.5%, -8.8% prior.
  • +1.9% M/M vs. -0.4% consensus, -1.6% prior.
  • After retail sales in June fell at the largest annual rate since records began in 1994, July retail sales came in much lesser than expected.
  • Food sale recovered from slumps in turnover, mail order trade also recorded increases.
  • Earlier, German inflation hits fresh 13-year high in August driven by higher energy, food prices.
  • ETFs: EWG, DAX, GF, DXGE, HEWG, DBGR, EWGS, FGM, FLGR, GF, HEWG, DBGR, FGM

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