German retail sales rose unexpectedly sharply in June

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)