Germany Retail Sales Rose in June
By Maria Martinez
Retail sales in Germany increased in June beating forecasts
thanks to the easing of coronavirus-related lockdown
Retail sales increased 4.2% on month in June in calendar and
seasonally-adjusted terms, data from the country's statistics
agency Destatis showed Monday. This increase beats the forecast of
1.8% from economists polled by The Wall Street Journal.
On year, German retail sales rose 6.2% in June, the data
Compared with February 2020, the month before restrictions were
first imposed in Germany, retail sales were up by 9.1% in June,
Sales of food, drinks and tobacco fell 3.9% in calendar and
seasonally-adjusted terms in June compared with May, while sales of
nonfood products increased 8.7% on month.
Write to Maria Martinez at firstname.lastname@example.org
(END) Dow Jones Newswires
August 02, 2021 03:08 ET (07:08 GMT)
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