German retailers lose out in consumer spending spree

April 14, 2015 9:22 AM

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DUESSELDORF, Germany, April 14 (Reuters) - German consumers are spending more on big-ticket items like cars and houses to take advantage of low interest rates, rather than splurging in shops and boutiques, Germany's retail association HDE said on Tuesday.

"The retail sector is benefiting little from good consumer sentiment," HDE said in a statement.

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