German retail sales fell in July

German retail sales fell in July, compared with the previous month. According to the German Federal Statistical Office’s seasonally adjusted datas, the deacline was 1.4 percent in real terms and 1 percent in nominal value. of of the decline.

Compared to July 2013 the retail sales in real terms increased by 0.7 percent and by 1 percent in nominal terms.
On an annual basis, the retail sales of food, beverages and tobacco rose by 0.6 percent in real terms, clothing sales fell by 0.7 percent, pharmaceuticals and cosmetics sales rose by 0.7 percent. (MTI)