German retail: this was not the expected data

The German retail sales fell in August much larger, than it was expected.

The German Federal Statistics Office announced, that 2009 year August retail sales decreased by 1.5 percent. On an annual basis, the decline is much higher: 2.6 percent. The data is much worse than it was expected, because analysts expected an only 0.3 percent downturn on monthly level – reports Profitline.hu.