German Retail Sales Decline In September

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Friday, Germany's Federal Statistical Office announced that the retail sales in real terms decreased 0.5% month-on-month in September, compared to a 1.8% fall in the previous month, revised from 2.6% drop estimated initially. Economists expected an increase of 1%.

On an annual basis, retail sales decreased 3.9% in September, after falling 2.9% in August, revised from 2.6% decline reported initially. Economists were looking for a decrease of 2.2%. A year ago, retail sales were up 3%.

For the January to September period, retail sales dropped 2.2% compared to the same period of the previous year.

In nominal terms, retail sales declined 4.8% year-on-year in September, following a 3.8% fall in August. Month-on-month, retail sales slipped 0.5% in September. In the first nine months of the year, retail sales dipped 2.6% over a year ago.

Friday, Germany's Federal Statistical Office announced that the retail sales in real terms decreased 0.5% month-on-month in September, compared to a 1.8% fall in the previous month, revised from 2.6% drop estimated initially. Economists expected an increase of 1%. (Market News Provided by RTTNews)