Germany's retail sales declined unexpectedly in April, data from Destatis revealed on Friday.
Retail sales decreased 1.1 percent on a monthly basis, in contrast to the 0.9 percent rise in March. Sales were expected to grow 0.3 percent.
Sales in the food sector edged down 0.1 percent and non-food retail dropped 1.3 percent. Year-on-year, retail sales growth softened to 2.3 percent from 3.3 percent a month ago. Nonetheless, the pace of increase was slower than the forecast of 1.8 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.