logo
  

German Retail Sales Rise For Second Month

Germany's retail sales grew for the second straight month in May albeit at a slower pace compared to April, data from Destatis showed Tuesday.

Retail sales turnover advanced 0.5 percent from April, when it was up 1.3 percent. This was the second consecutive increase. Sales were expected to remain flat in May.

On a yearly basis, retail sales dropped 0.4 percent, confounding expectations for a 2.8 percent growth and April's 1.1 percent expansion.

Sale of food products decreased 1.1 percent from last year, while non-food sales gained 0.2 percent.

In the first five months of 2015, overall retail turnover increased 2.4 percent from the corresponding period of last year.

For comments and feedback contact: editorial@rttnews.com

Economic News

What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.

Follow RTT