Arab Today, arab today german retail sales unexpectedly fall
Last Updated : GMT 11:12:01
Arab Today, arab today
Arab Today, arab today

German retail sales unexpectedly fall

Arab Today, arab today

Arab Today, arab today German retail sales unexpectedly fall

Berlin - Arabstoday

German retail sales fell unexpectedly in December, suggesting Europe’s debt crisis unsettled consumers during key Christmas trade, although economists said they expected the preliminary data to be revised upwards. The notoriously volatile indicator fell 1.4 percent in real terms on the month, and 0.9 percent on an annual basis, data from the Federal Statistics Office showed. The indicator missed forecasts in a Reuters poll of economists for gains of 0.9 and 1.4 percent respectively. “These numbers suggest Christmas business was disappointing for retailers,” said Commerzbank’s Ulrike Rondorf. “But the statistics office data are often revised.” “Retailers themselves were relatively optimistic, and private consumption remains, in our view, a supporting pillar of the economy.” Germany’s HDE retail association has said retailers saw a strong finish to the Christmas season with turnover for the period expected to be 1.5 percent above year-ago levels DIY stores operator Praktiker announced a surprise return to sales growth for its namesake German stores in November and December, while fashion house Gerry Weber said revenue in Germany jumped 28 percent in December. Berenberg Bank economist Holger Schmieding said the December figures were “almost too bad to believe.” “Anecdotal reports and consumer confidence simply do not confirm the news from these data,” he said, suggesting the Statistics Office may revise the figures upwards. “Typically, at year end, retail sales get underreported a lot and usually revised up significantly,” he said. Germany’s export-driven economy recovered quickly from the 2008/09 financial crisis, but the outlook has darkened as euro zone debt worries have begun to weigh on the real economy. Many economists expect at least one quarter of contraction in Germany as global demand falls and the region’s debt crisis affects its key neighboring export markets. Consumer surveys however show that German consumers remain upbeat, suggesting private spending will weather bad news from the euro zone thanks to the solid domestic job market Consumer morale rose unexpectedly to a 10-month high going into February, a survey showed last week. “As long as the labor market is doing well, consumption will be strong,” Commerzbank’s Rondorf said. German unemployment data is due later on Tuesday. The Statistics Office revised downwards November retail sales to a fall of 1.0 percent on the month, from a previously reported decrease of 0.9 percent. On an annual basis, it also revised sales downwards to a gain of 0.9 percent from 1.4 percent.

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*

Arab Today, arab today german retail sales unexpectedly fall Arab Today, arab today german retail sales unexpectedly fall

 



Arab Today, arab today
Arab Today, arab today Fadi Kataya explains secrets of  Nancy Ajram's newlook
Arab Today, arab today Messi visit will contribute in tourism

GMT 14:04 2017 Friday ,24 February

Messi visit will contribute in tourism
Arab Today, arab today Expresses Algerian history by woody figures

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures
Arab Today, arab today Iran complying with nuclear deal

GMT 07:14 2017 Saturday ,25 February

Iran complying with nuclear deal
Arab Today, arab today Zainab al-Maliki reveals herTV presenter models

GMT 18:12 2017 Friday ,24 February

Zainab al-Maliki reveals herTV presenter models
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Actress Lobna Abdel Aziz proud of her career

GMT 06:08 2017 Thursday ,23 February

Actress Lobna Abdel Aziz proud of her career
Arab Today, arab today Milan laughs while Rome cries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 07:36 2017 Wednesday ,22 February

Wafaa Amer is happy for Sherihan’s return

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact

GMT 20:33 2017 Friday ,17 February

To release new antiques collection

GMT 10:20 2017 Thursday ,23 February

Brazil's top diplomat resigns

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday