Germany retail sales growth lower than expected in April

Turnover of retail enterprises climbs 0.8% from prior month, failing to meet 1% market estimate

By Tuba Ongun

ANKARA (AA) - Retail sales growth in Germany fell short of expectations in April, according to official data released on Thursday.

The real (price-adjusted) turnover of retail enterprises rose 0.8% from the March figure, which had registered a 2.4% decline compared to a month prior, Destatis data showed.

April's figure was lower than the market estimate of a 1% increase.

Retail sales for food rose 0.5% month-on-month in April, while non-food sales increased 0.7%.

Annually, retail sales plunged 4.3%, easing compared to the 8.6% decline in March.

Kaynak:

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