World

German retail sales fall in March

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A Reuters poll had pointed to a month-on-month fall of 0.4 percent. Sales slipped by 2.1 percent on the year as consumers delayed pre-Easter shopping until April because of the timing of the holiday, Germany's Federal Statistics Office said.

Household spending has become a key growth driver in recent years as Germans benefit from record-high employment and low borrowing costs, but retail sales are a volatile indicator often subject to revision.

Copyright Reuters, 2019