Germany's retail sales dropped unexpectedly in May as both food and non-food retail sectors registered contractions, data from Destatis revealed on Monday. Retail sales decreased 1.6 percent month-on-month in May but better than the 0.6 percent drop seen in April. Sales were expected to grow 0.5 percent.
Data showed that sales in food sector were down 1.3 percent and that in non-food retail sector eased 2.2 percent. Sales in online and mail-order retail registered a monthly fall of 1.4 percent.
For comments and feedback contact: editorial@rttnews.com
Business News
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.