Plus   Neg

Germany Retail Sales Recover In May

Germany's retail sales rebounded unexpectedly in May, figures from Destatis revealed Wednesday.

Retail turnover increased 3.8 percent on a yearly basis, reversing a 6.4 percent fall in April. Economists had forecast sales to fall 3.5 percent.

Month-on-month, retail sales advanced 13.9 percent, in contrast to a decline of 6.5 percent logged in April. This was much bigger than economists' forecast of 3.9 percent.

Food, beverages and tobacco sales were up 4.9 percent annually and non-food sales grew 3.5 percent in May.

In nominal terms, retail turnover increased 13.4 percent on month taking the annual growth to 4.6 percent in May.

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