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Article: German Unemployment Unexpectedly Falls in August, Retail Sales Improves.
- Article from:
- Mena Report
- Article date:
- September 1, 2009
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Summary: German retail sales rose 0.7% in July after falling 1.3% in the previous month, and the data encourages an improved outlook for future growth as the economy...
German retail sales rose 0.7% in July after falling 1.3% in the previous month, and the data encourages an improved outlook for future growth as the economy emerges from the its recession in over half a century. Moreover, the annual rate of consumption slipped 1.0% from the previous year amid expectations for a 1.2%, and economic conditions are likely to improve throughout the second-half of the year as Chancellor Angela Merkel's government takes unprecedented steps to soften the landing of ...