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German March Retail Sales Down 0.7% vs Feb.

German retail sales were up 0.5% in real terms in March compared with March 2007 and down 0.7% from February this year, according to preliminary figures from the Federal Statistics Office.

Analysts polled by AFX News had forecast a 0.9% rise in retail sales month-on-month.

The Statistics Office also revised upward retail sales in February, saying they rose 1.0% month-on-month. Its preliminary estimate released last month had an increase of 0.9%.