german retail sales post biggest drop for 7 years
Last Updated : GMT 09:07:40
Egypt Today, egypt today
Egypt Today, egypt today
Last Updated : GMT 09:07:40
Egypt Today, egypt today

German retail sales post biggest drop for 7 years

Egypt Today, egypt today

Egypt Today, egypt today German retail sales post biggest drop for 7 years

Shopping mall in the western German city
Berlin - AFP

German shoppers cut back their spending sharply in September, official data showed on Friday, adding to concern over whether consumers will help bolster growth in Europe's top economy.
Retail sales posted the biggest monthly drop in September for more than seven years, the data showed.
German retailers' sales, which tend to be volatile and frequently revised, slumped 3.2 percent in September compared to the  figure of August, the federal statistics office Destatis said in a statement.
The drop was the biggest for the closely watched measure of household confidence since May 2007 and far exceeded the 0.8-percent fall predicted by economists polled by Dow Jones Newswires.
On a 12-month basis, business increased by 2.3 percent in September compared to the same month in 2013, Destatis said.
And from January to September this year, it rose by 1.3 percent compared to the same period in 2013.
Consumer confidence in Germany halted its recent declines in October, as consumers appeared to be no longer fazed by economic fallout from geopolitical crises, a poll showed last week.
And unemployment in Germany, Europe's biggest economy, fell unexpectedly this month, shrugging off a slowing economy.
But recent data has suggested that the German economy -- traditionally Europe's growth engine -- is stalling, threatening to pull the eurozone back into recession and put the brakes on the global recovery.

 

egypttoday
egypttoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

german retail sales post biggest drop for 7 years german retail sales post biggest drop for 7 years



GMT 05:03 2017 Monday ,10 April

Investors flock to macro hedge funds

GMT 17:47 2017 Monday ,09 October

Egypt's Khattab gets 11 votes

GMT 15:18 2012 Wednesday ,25 January

Energy Conservation in Our Artificial Habitats

GMT 08:19 2015 Monday ,14 December

Takanashi, Prevc on top in Russia

GMT 09:38 2017 Friday ,30 June

Tunisian security arrested 13 members

GMT 07:19 2017 Tuesday ,29 August

Indonesian becomes official Haj guest

GMT 18:53 2013 Friday ,23 August

Loic Remy is top signing for Newcastle

GMT 11:00 2017 Wednesday ,13 December

Beauty and lifestyle magazine seeks red eye make-up

GMT 13:08 2017 Saturday ,28 October

Al-Asbahy says team ready for final

GMT 04:29 2012 Tuesday ,17 April

Whitney Houston\'s ex denies drunk driving

GMT 08:49 2017 Thursday ,23 November

Study sees link between pollution

GMT 16:25 2014 Thursday ,06 March

Moammar Gaddafi\'s son Saadi in Libyan custody
 
 Egypt Today Facebook,egypt today facebook  Egypt Today Twitter,egypt today twitter Egypt Today Rss,egypt today rss  Egypt Today Youtube,egypt today youtube  Egypt Today Youtube,egypt today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

egypttoday egypttoday egypttoday egypttoday
egypttoday egypttoday egypttoday
egypttoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
egypttoday, Egypttoday, Egypttoday