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German Retail Sales Falls Unexpectedly In March

Germany’s retail sales fell for the first time in three months, defying expectations for a rise, data from the Federal Statistical Office showed on Thursday. Retail sales declined 2.1 percent year-on-year in March, after a 4.4 percent rise in February, which was revised from 4.7 percent. Economists had expected sales to rise 2.9 percent.
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