Retail sales rose by 13.9% on the month in real terms after a downwardly revised drop of 6.5% in April, data from the Federal Statistics Office showed. A Reuters forecast had predicted a 3.9% increase.
On the year, retail sales rose by 3.8% in real terms after an decrease of 6.4% the previous month, the data showed.Reporting by Joseph Nasr; Editing by Maria Sheahan
There are no rebounds. There is some recovery. A rebound would indicate we are back where we are before the virus and stay there. Now that has to be seen because the (German) economy was already weak.
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German inflation picks up in JuneGerman annual inflation accelerated at low levels in June, preliminary data showed on Monday, but remained well below the European Central Bank's target, providing further justification for stimulus. Report on food price inflation in the US. Billion $ of farm subsidies and the prices have hit the roof here.
Source: Reuters - 🏆 2. / 97 Read more »
Wirecard North America seeks buyer, distances itself from German companyWirecard North America Inc, a unit of German payments company Wirecard AG , on Monday said it has put itself up for sale, days after the troubled parent firm filed for insolvency. The U.S.-based unit, which was bought by Wirecard in 2016, said an investment bank is coordinating the sale process. The unit was formerly known as Citi Prepaid Card Services. ken and karen st louis | McCloskey St. Louis Couple Pull Guns on Protesters This photo speaks... big code here.
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ECB stimulus plan meets court requirements: German finance ministerThe European Central Bank (ECB) has met the principle of proportionality with its flagship stimulus programme, Germany's finance minister and lawmakers said, ending a legal conflict that threatened to undermine central bank policy. Just let it happen, we the English don't give a shit anymore That's great news finally we can move ahead United.. We are so glad Germany approves what ECB does, all other countries were so waiting for this. Thank you Germany for letting us all feel like we are part of a unique ecosystem. 😒
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Pending Home Sales Soared 44% In May, More Than Double What Economists Were ExpectingHomebuyers are flooding the market again. GavinNewsom Kevin_Faulconer nathanfletcher latimes sacbee_news SanDiegoCounty fox5sandiego are you people going to do anything to lower housing costs in CA. You All just talk and fool us, I don't know how to shame/embarrass you. You people get in power and suck us dry.
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Pending home sales spike a record 44.3% in May, as homebuyers rush back into the marketPending home sales spiked a stunning 44.3% in May compared with April, according to the National Association of Realtors. That beat expectations of a 15% rise. Sales were still 5.1% lower compared with May 2019. Realtor friend in Texas told me sales in the San Antonio area good. The real headline should be home sales is 5.1% lower than the same period last year.
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Changes in military recruiting may endure after pandemicWASHINGTON (AP) — With his Army recruiting office shuttered due to the coronavirus, Staff Sgt. Anthony Holt has had to be creative to meet his enlistment goals. Using social media is one way.... First the police and now this? What will we ever do!? After? That will be a while For a second there I thought this said police recruiting. Ha
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