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.

Photo: Pixabay

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.

To leave a comment you must or Join us

More news

Back to economic news list

By visiting our website and services, you agree to the conditions of use of cookies. Learn more
I agree