Germany's November retail sales data has been released, showing weak month-on-month performance. Year-over-year, retail sales declined by 1.8%, far below the expected 0.1% growth and also worse than the previous month's 1.3% increase—indicating that consumer spending is indeed under pressure. The monthly month-on-month data is also not optimistic, with a decline of 0.6%, contrary to the expected 0.2% growth. Although the decline is better than the previous month's 0.3%, the overall trend remains concerning. As Europe's largest economy, Germany's retail data is usually an important indicator of consumer confidence and economic vitality. This set of data reflects sluggish European economic expansion and decreased consumer willingness, possibly related to inflation pressures and lack of consumer confidence. For traders who focus on global macro trends, such economic data often influence market risk appetite and asset allocation strategies.