Germany Retail Sales Unexpectedly Collapse The Most In Three Decades

Image from Tweet below.

Image from Tweet below.

Reuters reports German Retail Sales Post Biggest Year-On-Year Slump Since 1994.

Key Points

  • German retailers ended the first half of 2022 with the sharpest year-on-year sales drop in nearly three decades, as inflation, the Ukraine war and the coronavirus pandemic take their toll, data showed on Monday.
  • Retail sales in June decreased 8.8% in real terms compared with the same month last year, the biggest drop since the time series began in 1994, said the Federal Statistical Office.
  • Analysts polled by Reuters had predicted a drop of 8.0%.
  • Retail sales also unexpectedly fell compared with the month before: June retail sales fell 1.6% in real terms, versus analysts' predictions of a 0.2% increase in a Reuters poll.

Trade Surplus Gone

What About European Natural Gas?

Short the Euro?

ECB Rate Hikes? 

The Euro is 57.6 percent of the US dollar index. If the Euro continues to tank, the US dollar will rally.

People still debate a US recession. Europe is unmistakable.

And in case you missed it, Hello EU: A Eurosceptic, Hard Right, Italian Government is Coming in September


More By This Author:

A Eurosceptic, Hard Right, Italian Government Is Coming In September
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