The euro zone continues to struggle with economic data heading into the fourth quarter of 2011. This morning’s publication of Germany’s retail sales revealed even more sluggish growth in the region’s largest economy.
The report was expected to show a healthy month-on-month growth of 1.1%, a solid uptick from last month’s 2.7% contraction. The actual reading, while far better than last month’s, was still shy of the mark with only 0.4% growth being reported. The impact has been a mild downward tug on the EUR since the data’s release.
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