German retail sales in line with the expectations

The German retail sales increased in line with analysts' expectations on a yearly basis, while compared to the previous month the volume of retail sales reduced in February.

According to preliminary data of the Federal Statistical Office (Destatis) released on Tuesday, retail sales in February increased by 3.6 percent in real terms and increased by 2.8 percent in nominal terms.

According to the seasonally and calendar-adjusted data, the retail sales in real terms decreased by 0.5 percent in real terms and decreased by 0.2 percent in nominal in February, compared to the previous month. (MTI)