German retail sales drop more than expected. – #marketnews

BERLIN (Reuters) - German retail sales fell by more than expected in April, as food prices saw a significant increase, data showed on Wednesday.

The Federal Statistics Office said retail sales were down 5.4% on the month in real terms.

A Reuters forecast had predicted a decrease of 0.2%.

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[ https://www.investing.com/news/economic-indicators/german-retail-sales-drop-more-than-expected-in-april-2832222](https://www.investing.com/news/economic-indicators/german-retail-sales-drop-more-than-expected-in-april-2832222)