Even Germany is affected by the crisis? German retailers reported a surprise drop in business in the key Christmas period, said official federal data reported by The economic times. Retail sales, a closely watched measure of household confidence, dropped by 2.5 per cent in december compared with november. It was the first annual decline in sales since June. Retail sales had increased by 0.9 per cent in november and analysts had been forecasting steady sales for December. Sales show also a decline of 2.4 in december compared with the same month last year, the statisticians calculated. Taking 2013 as a whole, german retail sales edged up by a meagre 0.1 per cent over the entire year.
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