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>> EUROPEAN CENTRAL BANK Latest News

JAN 31, 2013 - Zero Hedge

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Europe "Fixed" Facade Crumbling As German Retail Sales Implode

Remember all those soaring German confidence indices that said ignore the negative GDP print and focus on a future so bright, ze Germans've got to wear Zeiss? Appears the confidence may have been a tad massaged upwards because following a spate of weak corporate results out of Europe's growth dynamo, the German HDE retail association said Christmas sales for November and December were down some 0.7% from the prior year. Specifically German retail sales plunged -1.7% from November on expectations of a modest -0.1% decline, while on a year over year basis December imploded a whopping -4.7% vs ... Read More

Tags: Europe "Fixed" Facade Crumbling As German Retail Sales Implode,  European Central Bank Latest News