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Germany's stricter lockdown sinks retail sales in December


German retail sales plunged more than expected in December as a decision to tighten lockdowns to curb the spread of COVID-19 choked consumer spending in Europe's largest economy at the end of the year, data showed on Monday. The stricter lockdown, which included schools and kindergartens but excluded factories and offices, has been extended until mid-February. The Federal Statistics Office said retail sales fell by an unprecedented 9.6% on the month in real terms after a downwardly revised increase of 1.1% in November.

theguardian.pe.ca - February 1, 2021

View the full story here: https://www.theguardian.pe.ca/business/reuters/germanys-stricter-lockdown-sinks-retail-sales-in-december-547315/