Germany's retail sales growth accelerated in August and unemployment declined in September signaling signs of recovery from the coronavirus driven downturn, official data revealed Wednesday.
Data from Destatis showed that retail sales advanced by real 3.1 percent month-on-month, reversing a 0.2 percent fall in July and much faster than economists' forecast of 0.4 percent rise.
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.