VAT rise hits German retail sales
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German retail sales slumped in January as a VAT rise introduced at the beginning of the year started to bite.
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German business sentiment improved unexpectedly in December after slumping sharply in November over concerns about high oil prices and worries that the strengthening euro could damage exports, a closely watched survey showed Friday.
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Strong sales of Mercedes models in the US last month helps offset a decline in German demand as VAT rises.
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Retail sales have risen sharply in the run-up to the key Christmas season, adding to data which suggests the economy is gathering pace and interest rates may rise next year.
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UK High Street sales confound market expectations and rise by 0.6% in August, increasing the likelihood of another interest rate rise this year.
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Sales at retailers posted a much  stronger-than-expected 1.2 percent rise in November, government  data showed on Thursday, as holiday shoppers coped with high  energy costs and the fallout from a housing slump.
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German retail sales picked up unexpectedly in October, nourishing hopes for a recovery in consumer demand in the fourth quarter of this year, official data showed.
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Strong Christmas sales helped increase finance professionals' confidence in the sluggish German economy, a monthly survey showed Tuesday.
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Consumer confidence in Germany, Europe s biggest economy, climbed to a six-month high as the winter holidays prompted shoppers to increase spending, the GfK market research company said.
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BERLIN - German investor confidence posted a surprise jump in December as relief over falling oil prices helped to offset concerns about the impact of a surging euro on growth in Europe&#39;s biggest economy.
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Widespread German price increases, including those of butter and electricity, are starting to weigh heavily on consumer confidence, a monthly poll by the GfK institute showed Friday.
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Inflation in Germany, the eurozone's biggest economy, picked up to 2.0 percent last month from 1.8 percent in July as a result of high oil prices, official data showed.
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Spring appeared to be in the air for the German economy on Wednesday, with data showing inflation tame, despite the VAT sales tax rise, and unemployment unusually lower in February.
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British retail sales climbed in June from the previous month, official data has shown.
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Retail sales in Britain surged in September, with the annual growth rate hitting the highest level for three years, official data showed on Thursday.
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Consumers battered by a multitude of economic woes came roaring back in November, pushing retail sales up by the largest amount in four months.
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The German economic outlook has rarely looked sunnier, with sky-high business confidence and growth strong enough to shrug off a sharp rise in sales tax early this year, data showed on Thursday.