Retail sales in Germany increased in October

By: Trademagazin editor Date: 2020. 12. 02. 11:04

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In Germany, retail sales grew at a much higher rate than analysts expected in October, both monthly and annually.

The German Federal Statistical Office (Destatis) said on Wednesday that retail sales rose 2.6 percent from September, when a 1.9 percent drop was recorded compared to August. Analysts expected a much smaller 1.2 percent monthly increase in retail sales in October. (MTI)