German factory orders rose 2.5% in July on one-off shipbuilding and rail contracts, while retail sales dropped 3.4% and producer prices accelerated to a 5.8% annual pace, complicating the ECB's September 10 rate decision.
Oxford Economics’ Thomas Dvorak notes the euro-area July retail miss is mostly Germany’s 3.4% flash plunge, with spending still expanding in most other member states. Source
