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- German adjusted retail sales are up 1.4% in July
German adjusted retail sales are up 1.4% in July
Destatis released its retail sales for Germany on Monday. German adjusted retail sales rose 1.4% in July, beating forecasts of a 1.0% gain, after a 1.0% drop in June. It was the biggest rise since October 2014.
June's figure was revised up from a 2.3% decline.
On a yearly basis, German retail sales jumped 3.3% in July, exceeding expectations for a 1.9% gain, after a 5.2% rise in June. June's figure was revised up from a 5.1% increase.
Sales of non-food products increased at an annual rate of 3.1% in July, while sales of food products climbed by 2.6%.
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