German retail sales volumes increased 6.2 percent y/y in June

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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.

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Nicholas de Kramer

Nicholas de Krammer, а self-taught economic analytic with heave mathematical background. Math behind the economics (and economics behind math) is the strong side of the author. Contact him at [email protected]

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