Retail sales in Germany increased less than expected

By: Trademagazin editor Date: 2017. 07. 31. 11:08

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Retail sales in Germany increased less than expected in June, in an annual comparision, but on a monthly basis, the growth was strong.

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According to preliminary data released by the German Federal Statistical Office (Destatis) on Monday, retail sales grew by 1.5 percent compared to last June. Analysts expected a 2.7 percent rise after the exceptionally high rise of 4.9 percent in May. (MTI)