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2026.04.3006:10:53UTC+00German Retail Sales Unexpectedly Fall

Germany’s retail sales declined by 2.0% month-over-month in March 2026, a far steeper drop than the 0.1% decrease anticipated by markets and deeper than the downwardly revised 0.3% fall recorded in February. This was the third consecutive monthly contraction and the sharpest decline since October 2022, as heightened uncertainty related to the Middle East conflict continued to dampen consumer confidence and spending.

The downturn was led by food retailers, where sales fell 2.7%, while non-food sales slipped 1.0%. By contrast, online and mail-order trade remained robust, posting a 3.0% increase. On a year-on-year basis, retail sales also fell 2.0%, reversing an upwardly revised 0.9% gain in February and falling well short of expectations for a 0.5% rise.

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