Germany's retail sales increased at a slower pace in April, but the rate of growth exceeded economists' forecast, data released by the Federal Statistics Office showed Thursday.
Retail sales turnover, in real terms, increased a calendar and seasonally adjusted 0.6 percent on a monthly basis in April, faster than the 0.2 percent growth economists expected. In March, sales increased 1.6 percent month-on-month.
On an annual basis, retail sales decreased a calendar adjusted 3.8 percent in April, contrary to economists' expectations for a 0.3 percent increase. In March, retail trade increased 3.2 percent year-on-year.
In the January-April period, sales advanced 0.8 percent from the corresponding period a year earlier, data showed.
by RTT Staff Writer
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