FOREX TradingCharts.com

Financial News: German Retail Sales Fall Most Since 2007

German Retail Sales Fall Most Since 2007

04/30/2020 - 02:28:00 (RTTNews)

(RTTNews) - Germany's retail sales declined at the fastest pace since 2007 in March as most of the stores were closed to contain the spread of coronavirus, data from Destatis revealed Thursday.

Retail turnover fell by a real 5.6 percent on a monthly basis, in contrast to a 0.8 percent rise in February.

This was the biggest fall since January 2007. However, sales were forecast to decline more markedly by 7.3 percent.

Year-on-year, retail sales decreased 2.8 percent, confounding expectations for a growth of 1.5 percent. Sales had increased 6.5 percent in February.

There was a strong demand for essential goods and medicines. Sale of food, beverages and tobacco increased 8.9 percent annually, while non-food sales declined 10.1 percent.

In nominal terms, retail turnover decreased 5.7 percent on month and was down 1.5 percent from last year in March.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2020 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


ECB Slashes Eurozone Growth Forecasts, Sees 8.7% Contraction This Year (06 hr(s), 19 min(s), 31 sec(s) ago)
(RTTNews) - The European Central Bank slashed its growth and inflation projections for this year a ...Full Story»

U.S. Labor Productivity Decreases Much Less Than Initially Estimated In Q1 (06 hr(s), 23 min(s), 31 sec(s) ago)
(RTTNews) - Revised data released by the Labor Department on Thursday showed U.S. labor productivi ...Full Story»

U.S. Trade Deficit Widens More Than Expected To $49.4 Billion In April (06 hr(s), 41 min(s), 31 sec(s) ago)
(RTTNews) - A report released by the Commerce Department on Thursday showed the U.S. trade deficit ...Full Story»

U.S. Weekly Jobless Claims Drop Less Than Expected To 1.877 Million (07 hr(s), 04 min(s), 31 sec(s) ago)
(RTTNews) - First-time claims for U.S. unemployment benefits pulled back further off their recent ...Full Story»

ECB Boosts Emergency Asset Purchases Amid Economic Slump Due To Covid-19 (07 hr(s), 33 min(s), 31 sec(s) ago)
(RTTNews) - The European Central Bank on Thursday increased the size of its emergency asset purcha ...Full Story»

U.S. Trade Deficit Widens More Than Expected In April (07 hr(s), 36 min(s), 31 sec(s) ago)
(RTTNews) - A report released by the Commerce Department on Thursday showed the U.S. trade deficit ...Full Story»

U.S. Weekly Jobless Claims Drop To 1.877 Million (07 hr(s), 39 min(s), 31 sec(s) ago)
(RTTNews) - First-time claims for U.S. unemployment benefits pulled back further off their recent ...Full Story»

BoE's Hauser Says Interest Rates Unlikely To Turn Negative In Near Term (07 hr(s), 55 min(s), 31 sec(s) ago)
(RTTNews) - UK interest rates are unlikely to turn negative in the near-term, Bank of England' ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

ECB Slashes Eurozone Growth Forecasts, Sees 8.7% Contraction This Year

06/04/2020 - 09:59 AM (RTTNews)
(RTTNews) - The European Central Bank slashed its growth and inflation projections for this year a ...Full Story>>

U.S. Labor Productivity Decreases Much Less Than Initially Estimated In Q1

06/04/2020 - 09:55 AM (RTTNews)
(RTTNews) - Revised data released by the Labor Department on Thursday showed U.S. labor productivi ...Full Story>>

U.S. Trade Deficit Widens More Than Expected To $49.4 Billion In April

06/04/2020 - 09:37 AM (RTTNews)
(RTTNews) - A report released by the Commerce Department on Thursday showed the U.S. trade deficit ...Full Story>>

U.S. Weekly Jobless Claims Drop Less Than Expected To 1.877 Million

06/04/2020 - 09:14 AM (RTTNews)
(RTTNews) - First-time claims for U.S. unemployment benefits pulled back further off their recent ...Full Story>>

ECB Boosts Emergency Asset Purchases Amid Economic Slump Due To Covid-19

06/04/2020 - 08:45 AM (RTTNews)
(RTTNews) - The European Central Bank on Thursday increased the size of its emergency asset purcha ...Full Story>>
Copyright © 2020. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.