Economic news

Germany pulls back in third quarter, new data shows

Retail sales in Germany surprisingly slid for the two consecutive months in August, while industrial manufacturers slowed performance last month, today’s figures indicate, in a sign of a deceleration in the biggest economy of the EU during the summer season.

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According to the Federal Statistics Office, retail sales gave up real-term 0.1% in the month.

Josef Sanktjohanser of HDE retail association said that the economic situation remains outstanding for consumption, however lots of people are concerned about American tariff rows and a number of ongoing disagreements within the federal government.


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