Germany's retail sales declined for a second straight month in July, defying expectations for a rebound after the coronavirus pandemic-related lockdown curbs were eased, preliminary data from the Federal Statistical Office showed on Wednesday.
Retail sales fell 0.9 percent month-on-month, while economists had forecast a 0.5 percent increase.
The decline for June was revised to 1.9 percent from 1.6 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.