Retail sales in Germany declined less than expected

By: Trademagazin editor Date: 2020. 05. 29. 11:05

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Retail sales in Germany fell significantly, but much less than expected, in April as the rapidly spreading coronavirus pandemic peaked.

According to preliminary data released by the German Federal Statistical Office (Destatis) published on Friday, adjusted for calendar and seasonal adjustment, retail sales fell 5.3 percent in real terms and 5.1 percent in nominal terms in April from the previous month. (MTI)