German Retail Sales decline by 7.1% YoY in February vs. -5.2% expected

• German Retail Sales plunged 7.1% YoY in February vs. -5.2% expected.
• Retail Sales in Germany came in at -1.3% MoM in February vs. 0.5% expected.

According to the official figures released by Destatis on Friday, Germany's Retail Sales dropped by 1.3% MoM in February versus 0.5% expected and -0.3% previous.

On an annualized basis, the bloc’s Retail Sales tumbled 7.1% in February versus the -5.2% expected and a 6.9% decline seen in January.

more to come ...