Retail sales in Germany jumped in May
The German federal statistical office, Destatis, reported that retail sales in Germany increased by 13.9 percent in real terms in May after a 6.5 percent decline in April, with a calendar and seasonal adjustment from the previous month.
Analysts expected a much smaller monthly increase of 3.9 percent.
Retail sales rose 3.8 percent from a year earlier after a 6.4 percent drop in April.
Analysts expected a 3.5 percent annual decline in May. (MTI)
Related news
Food prices rose at an accelerating rate in Germany
Inflation in Germany slowed down in June, according to the…
Read more >E-commerce in Germany grows for the first time in two years
Sales in German online retail have increased slightly again for…
Read more >Rewe opens Europe’s largest autonomous supermarket
Rewe has opened Europe’s largest autonomous supermarket in Hamburg. Its…
Read more >Related news
VOSZ Barometer – 2024. II. quarter: mandatory optimism or real growth?
The perception of inflation is still present in domestic companies,…
Read more >Fidelity: Three themes shaping investments in Q3
Has the post-epidemic normalization that we have been waiting for…
Read more >Large companies are resistant to economic uncertainty
Restrained expectations characterize the domestic corporate sector for the next…
Read more >