ECB Council: No change in policy

German retail sales (July): stabilised at least EMU inflation flash estimate (August): prices still falling German adjusted unemployment (Aug): short-time work limiting rise again ECB Council: no change in policy German retail sales could have stabilised at least in July , as retailers’ business assessment rebounded and consumer confidence rose. The Italian business confidence will probably have continued improving in August . The Purchasing Managers’ Indices for the German and EMU