Business
Eurozone Retail Sales Fall 0.6% While German Factory Orders Climb
Eurozone retail sales fell unexpectedly in July, a sign that the currency area’s resilience in the face of high energy prices might be faltering even as separate figures pointed to a continued recovery in German industry.
Retail sales volumes fell by 0.6% on month compared with a 0.2% increase in June, according to data published Friday by the European Union’s statistics agency. A forecast by economists polled last week by The Wall Street Journal expected volumes to rise by 0.3%.
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