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Germany’s retail sales rise in July

by ChemOrbis Editorial Team -
  • 01/09/2016 (13:56)
According to data released by Germany’s statistics office Destatis, the country’s retail sales climbed in July and private consumption continued to support German growth.

Data from Destatis showed that retail sales in Germany during July rose by 1.7% from June, posting the biggest growth since January 2014. Retailers also recorded a yearly sales growth of 1.7% in the first seven months of 2016.

The German economy grew by 0.4% in the April-June period after posting a 0.7% increase in the first quarter with the support of private consumption.
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