German retail sales increased in June. This was shown on Monday by figures from the German statistical office Destatis.
On a monthly basis, sales increased by 4.2 per cent in June, adjusted for inflation. As a result, growth is significantly stronger than the 1.8 percent anticipated by economists.
On an annual basis, retail sales increased 6.2 per cent in June, also adjusted for inflation and seasonal effects.
Maurice Esma, a co-founder of EconomicInform is a freelance journalist with the expertise in international finance and corporate rights. The author can be reached by email maurice.eisma@economicinform.com