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Germany November Retail Sales Growth Tops Expectations

Germany's retail sales grew at the fastest pace in seven months in November, exceeding economists' expectations, preliminary data from Destatis showed on Monday.

Retail sales rose a calendar and seasonally adjusted 1.4 percent from October, when they edged up 0.1 percent, revised from a 0.3 percent fall.

Economists had expected a 0.4 percent increase.

On a year-on-year basis, retail sales increased 1.1 percent in November after a 5.2 percent rise in October, revised from 5 percent.

Economists were looking for a 0.4 percent fall.

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