German consumers spending less ...News

The cost-of-living crisis has dented retail sales, an official report shows Germany’s retail sales dropped in March, against market expectations, data published by the national statistics service Destatis revealed on Tuesday. Price-adjusted retail turnover fell by 2.4% in March compared to February, despite a predicted 0.4% rise. On an annual basis, sales were down 8.6% in real terms following a 7.1% decline in February, according to Destatis. Food sales plunged 10.3% in March in the largest year-on-year decline since data began in 1994. Food retail contracted 1.1% on the month, while non-food sales slipped by 2.3

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