TeleTrade - Analytics


    735.50 6.50/10
    57% of positive reviews

    German Retail Sales expand the most since 2010 | 03.03.2015


    Retail Sales in Europe's largest economy expanded in January far more than analysts had expected. The Federal statistics office Destatis stated the boost in sales comes amid lower consumer prices and strong consumption. Retailers profited from the high employment rate, the highest in Europe. Falling energy prices left consumers with more money to spend. Seasonally adjusted sales rose 2.9%, compared to revised 0.6% (previous 0.2%) in December. Analysts expected an increase of 0.6%.



    On an annual basis Retail Sales rose 5.3%, the most since 2010. The previous reading was revised up from 4.0% to 4.8%.

    To leave a comment you must or Join us

    By visiting our website and services, you agree to the conditions of use of cookies. Learn more
    I agree