Tuesday, August 2, 2022

[REPOST WITH LINK] "Miserable" German Retail Sales Crash The Most On Record As Europe Slumps Into Recession

FROM: August 02, 2022 at 04:55AM

While it is now largely consensus that Europe is sliding into a recession, if not already in one, few were prepared for today's retail sales print from Germany which was shocking: according to Destatis, the German national statistics office, German retail sales fell at the largest annual rate since