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Latest data released by Destatis – 2 June 2021
– +7.7%
– Retail sales +4.4% vs +10.1% y/y expected
– Prior +11.0%; revised to +11.6%
That’s quite the miss as the German statistics agency notes that the federal emergency brake in the second-half of April and the fading of Easter business in March are the likely culprits behind
Search Web: Germany April retail sales -5.5% vs -2.5% m/m expected
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