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Germany’s retail sales decline in February

by ChemOrbis Editorial Team -
  • 31/03/2015 (15:37)
Germany’s retail sales declined in February, according to data released by the Federal Statistical Office of Germany (Destatis). Retail sales dropped 0.5% in February compared with the previous month. However, the country’s retail sales declined at a slower rate than economists’ initial estimates, which called for a decrease of 0.7% in a survey by Reuters. February’s decline was the first monthly slippage in retail sales since September.

On a yearly basis, retail sales increased 3.6% in February compared with economist’s initial estimates, which called for an increase of 3.7%, according to a survey by Reuters.
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