German retail sales fall far less than expected in April

BERLIN (Reuters) - German retail sales fell at their fastest pace since 2007 in April, data showed on Friday, but the drop was not as steep as expected in a sign of the relative resilience of Europe's largest economy during the coronavirus crisis.Retail sales dropped by 5.3% on the month in real terms after an upwardly revised drop of 4.0% in the previous month, data from the Federal Statistics Office showed. The reading was much better than a Reuters forecast of analysts for a 12% fall.On the..