German retail sales back to growth in October

Turnover of retail enterprises up 1.1% month-on-month in October, beating consensus estimates

German retail sales back to growth in October

Germany's retail sales posted monthly growth in October, reversing four months of declines, according to data released on Thursday.

The real (price-adjusted) turnover of retail enterprises climbed 1.1% in October from a month earlier, following a 0.8% drop in September, Destatis data showed.

The figure beat estimates, as economists had expected the reading to rise 0.4%.

Sales of non-food and internet/mail order trade backed the monthly data by rising 1.4% and 2.9%, respectively, from September. On the other hand, food sales dropped 1.3%.

On a yearly basis, retail sales plunged 0.1% in October, easing from September's 4.3% fall.

Be the first to comment
UYARI: Küfür, hakaret, rencide edici cümleler veya imalar, inançlara saldırı içeren, imla kuralları ile yazılmamış,
Türkçe karakter kullanılmayan ve büyük harflerle yazılmış yorumlar onaylanmamaktadır.

Money News