Trademagazin > News and articles > Market News > German retail sales rose unexpectedly sharply in June
German retail sales rose unexpectedly sharply in June
In June, due to the easing of restrictions, retail sales in Germany increased more than expected, according to a report by the German Federal Statistical Office, Destatis, based on preliminary data.
In June, with price, calendar and seasonal adjustment, retail sales in Germany rose 4.2 percent after a 4.6 percent monthly increase in May. The market expected 2.0 percent growth in June.
Retail sales in Germany increased by 6.2 percent year-on-year in June with a price adjustment. In May, the turnover was 1.8 percent lower than a year before. (MTI)
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