Germany November Retail Sales Growth Tops Expectations

BERLIN (Alliance News) - Germany's retail sales grew at the fastest pace in seven months in ...

Alliance News 7 January, 2019 | 7:42AM
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BERLIN (Alliance News) - Germany's retail sales grew at the fastest pace in seven months in November, exceeding economists' expectations, preliminary data from Destatis showed on Monday.

Retail sales rose a calendar and seasonally adjusted 1.4% from October, when they edged up 0.1%, revised from a 0.3% fall.

Economists had expected a 0.4% increase.

On a year-on-year basis, retail sales increased 1.1% in November after a 5.2% rise in October, revised from 5%.

Economists were looking for a 0.4% fall.

Copyright RTT News/dpa-AFX

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