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Germany's SA Retail Sales Plunge 3.2% M/M In September
Germany real seasonally adjusted retail sales plunged 3.2% m/m in September marking the sharpest decline since May 2007, data released by the German statistics office showed Friday. The stats office revised down real retail sales figures for August to 1.5% m/m from 2.5% m/m initially reported. On a nominal basis retail sales eased 2.9% m/m. On the year, sales rose 2.3% in real and 2.9% in nominal terms. Compared to the second quarter, retail sales stagnated in the third after easing 0.4% q/q in the second quarter and rising 1.6% q/q in the first. The latest Gfk consumer sentiment index for Germany last week showed ... (full story)