German Retail Sales Fall by 2.0% Mom in March vs. -0.1% Expected

German Retail Sales, a key measure of consumer spending, declined again in March.

German Retail Sales, a key measure of consumer spending, declined again in March. The consumer spending measure fell 2.0% month-on-month (MoM), according to official data released by Destatis, while it was expected to have declined 0.1%.

In February, Retail Sales eased by 0.3% (revised from -0.6%).