Germany's retail sales just hit a wall: they dropped 3.2% in September, the worst monthly decline since May 2008. The eurozone's powerhouse economy didn't see anything this bad during the financial crisis, or in the years of the euro crisis that followed it. This all follows the grim news earlier in October that the country's industrial sector seems to be grinding to a halt.
BING NEWS:
- European Economic News Preview: German Consumer Confidence Data Due
At 6.00 am ET, the Confederation of British Industry is set to release Distributive Trades survey results. The retail sales balance is forecast to fall to -2 percent in April from +2 percent in March.
04/24/2024 - 2:33 pm | View Link - Ranking: The 20 biggest international retailers in the UK
To see just how worldly the UK's retail landscape has become, we asked Retail Week sister brand Retail Navigator to reveal the international retailers with the biggest UK sales, and how much they're ...
04/21/2024 - 6:01 pm | View Link - Gilt Yields Fall After Weak U.K. Retail Sales Data
Gilt yields declined following weaker-than-expected U.K. retail sales data, increasing prospects of a Bank of England interest-rate cut in the coming months.
04/18/2024 - 8:21 pm | View Link - BASF CEO: slump in demand bottoming out but no turnaround yet
The chief executive of German chemicals group BASF sees a slump in demand bottoming out but said it is too soon to speak of a turnaround, in an interview with Switzerland's NZZ newspaper published on ...
04/18/2024 - 7:28 pm | View Link - EUR/USD, GBP/USD, DXY Price Forecast: DXY Above $106; Awaiting Central Bank Speeches
As the Dollar Index slightly retreats to $106.192, forex traders closely watch EUR/USD and GBP/USD for potential shifts following pivotal economic updates.
04/18/2024 - 7:28 pm | View Link - More
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