Germany retail sales surprisingly surge in September
Retail sales in Germany rose at a monthly rate of 1.2% in September, after a revised down 1.2% surge in August, the latest data by the Federal Statistical Office showed.In comparison, a consensus of a
Retail sales in Germany rose at a monthly rate of 1.2% in September, after a revised down 1.2% surge in August, the latest data by the Federal Statistical Office showed.
In comparison, a consensus of analyst estimates had pointed to a 0.5% slump.
In September, non-food sales went up 1.7% over the prior month, with sales via Internet and mail rising 3.1%.
In the meantime, sales of food dropped 0.8% month-over-month.
In annual terms, retail sales in Germany went up 3.8% in September, while accelerating from a revised up 2.2% growth in August.
The Euro was last 0.22% weaker on the day against the British Pound, with the EUR/GBP currency pair trading at 0.8355 ahead of Euro Area’s CPI inflation report.
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