FLGR - Germany retail sales unexpectedly fall 1.3% M/M in February
2023-03-31 02:35:53 ET
- Retail sales in Germany unexpectedly declined by 1.3% month-over-month in February of 2023, missing market estimates of a 0.5% growth and following a 0.3% drop in the previous month.
- This was the third straight month of contraction in retail trade, with high inflation and uncertainty continuing to weigh on consumers' moods.
- Sales of non-food were down 0.3% while food sales grew 0.2%.
- Meanwhile, retail sales sank 7.1% compared to February of 2022, a tenth straight decline.
- Food sales sank 7.6% and non-food 6.8%.
- ETFs: EWG , DAX , GF , DXGE , HEWG , DBGR , EWGS , FGM , FLGR .
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Germany retail sales unexpectedly fall 1.3% M/M in February