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Germany’s retail sales fall 1.1% in March

by ChemOrbis Editorial Team -
  • 29/04/2016 (12:02)
According to data released by Germany’s statistics office Destatis, the country’s retail sales fell 1.1% on the month in March, although economists’ expectations called for an increase of 0.4%. On a yearly basis, meanwhile, growth in Germany’s retail sales slowed to 0.7% from 5.5% in the previous month, which was also below economists’ projections calling for a growth rate of 2.7% in March.

Data also showed that retail sales for food, beverages and tobacco climbed 2.7% on an annual basis while non-food sales fell 1.1% in March.
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