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German May Retail Sales Down 1.8%

AFX
Friday, 29 Jun 2007 | 3:02 AM ET

German retail sales declined 1.8% in real terms in May compared with April and fell 3.7% from May last year, according to preliminary figures from the Federal Statistics Office.

Analysts polled by Thomson Financial News had forecast a 0.7% drop in retail sales month-on-month and a 1.8% rise year-on-year.

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