By Todd Buell 
 

FRANKFURT--German retail sales grew on month in July, rebounding from a decline in June, signaling that consumers in Europe's largest economy started the third quarter on firm footing, adjusted data from the country's statistics office, Destatis, showed Monday.

The 1.4% monthly increase beat analysts' expectations for a 1.3% gain in a Wall Street Journal survey. The monthly gain was a recovery from the previous month's 1.0% decline.

In annual terms, sales were 3.3% higher in July, the data showed, after a 5.2% gain in June.

 

Write to Todd Buell at Tod.Buell@wsj.com

 

(END) Dow Jones Newswires

August 31, 2015 02:16 ET (06:16 GMT)

Copyright (c) 2015 Dow Jones & Company, Inc.