Retail sales in Germany unexpectedly fell in April



Retail sales in Germany unexpectedly fell in April, showed on Tuesday Destatis data.

Retail trade turnover decreased by 0.9 percent in April from March, defying expectations of growth of 0.9 per cent. This was the second consecutive drop in sales.

Turnover decreased by 1.4 per cent in March and increased 0.4 percent in February.

In annual terms, retail sales rose 2.3 percent in April, faster than the growth of 0.6 per cent in March. Sales were expected to grow by only 1.9 percent.

Sale of food beverages and tobacco increased by 1.4 percent and non-food sales rose by 2.8 percent.

For the period from January to April, retail trade turnover increased by 1.9 percent compared to the same period last year.




Retail sales in Germany unexpectedly fell in April 31.05.2016

Share with traders

Share to Google Plus
Share to LiveJournal
Share to MyWorld
Share to Odnoklassniki