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6 Jan 2023
German Retail Sales plunge by 5.9% YoY in November vs. -2.5% expected
- German Retail Sales arrived at % YoY in November vs. -2.5% expected.
- Retail Sales in Germany came in at 1.1% MoM in November vs. 1.0% expected.
Germany's Retail Sales rose by 1.1% MoM in November versus 1.0% expected and -2.8% previous, the official figures released by Destatis showed on Friday.
On an annualized basis, the bloc’s Retail Sales plunged by 5.9% in November versus the -2.5% expected and a 5.0% drop recorded in October.