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3 Numbers: German consumption rising, US car sales, US stores
Tuesday’s another busy day for economic releases, including the monthly update on retail sales for Germany. Later, a couple of reports will shape the macro outlook for the US: store sales via the Redbook Index and motor vehicle sales based on numbers from automakers. Germany: Retail Sales (07:00 GMT) Europe’s main economy has drawn criticism for its emphasis on exports, which some analysts argue has come at the expense of domestic demand. But the fourth quarter update on Germany’s gross domestic product suggests that consumer spending may be picking up. Today’s monthly release on retail sales will provide ... (full story)