Germany's retail sales declined unexpectedly in January, data from Destatis showed Monday.
Retail sales decreased 0.9 percent month-on-month in January, in contrast to the revised 1.2 percent increase in December. Sales were expected to remain flat.
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May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.