German Retail Sales Grow Adjusted 1.4% on Month in July
August 31 2015 - 2:31AM
Dow Jones News
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)
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