BERLIN, (Reuters) — German unemployment dropped more than expected in July and retail sales climbed in June, data showed on Thursday, spelling good news for private consumption which is expected to drive growth in Europe's largest economy this year.
Seasonally adjusted data from the Labour Office showed the number of people out of work decreased by 12,000 to 2.898 million. The consensus forecast in a Reuters poll had been for a drop of 5,000.
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