🛒🇩🇪 ICYMI: Germany December Retail Sales Fall Most Since April

• December retail sales fell 5.50% M/M, this was worse than market expectations, while the yearly figure was flat. UBS chief economist wrote that November data was revised higher and noted that this has been a trend for most of last year. UBS says that the initial release underreports and gives a 'too pessimistic' view of the German economy.