Germany's retail sales dropped unexpectedly in June from the prior month, data from the Federal Statistical Office revealed Tuesday.
Retail turnover was down 0.1 percent from May, in contrast to a 0.5 percent rise expected by economists. Nonetheless, the rate of decline was slower than the 0.3 percent drop seen in May.
On a yearly basis, retail sales grew 2.9 percent, offsetting last month's 1.1 percent fall. Annual increase far exceeded the consensus forecast of 0.4 percent growth.
During January to June, turnover in retail trade in nominal terms increased 2.8 percent and in real terms 0.7 percent.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.