Euro-Region Retail Sales Declined in February, Led by Germany
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Euro-area retail sales declined in February, led by Germany, as rising oil prices and government budget cuts prompted consumers to pare spending.
Sales fell 0.1 percent from January, when they rose a revised 1.1 percent, the European Union’s statistics office in Luxembourg said today. Economists had forecast a drop of 0.2 percent, the median of 22 estimates in a Bloomberg News survey showed. Sales declined 2.1 percent from a year earlier.