German retail sales rise for third straight month
By Benjamin Chiou
Date: Thursday 31 Oct 2024
(Sharecast News) - Retail sales in Germany unexpectedly rose for the third straight month in September, according to data from the Federal Statistical Office.
Retail sales were 1.2% higher over the month in price-adjusted terms, following a revised 1.2% increase in August and a 1.5% gain in July, Destatis reported on Thursday.
Compared with the year before, retail sales growth picked up to 3.8%, from the 2.2% annual gain in August.
Economists had pencilled in a month-on-month reduction of 0.5% over September.
Food sales were down 0.8% during the month, while non-food retail rose 1.7% and ecommerce and mail order sales jumped 3.1%.
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