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    31.03.2016 08:59 German adjusted retail sales fall 0.4% in February

    Destatis released its retail sales for Germany on Thursday. German adjusted retail sales fell 0.4% in February, missing forecasts of a 0.3% gain, after a 0.1% decrease in January. January's figure was revised down from a 0.7% increase.

     

    On a yearly basis, German unadjusted retail sales climbed 5.4% in February, beating expectations for a 2.2% gain, after a 1.2% drop in January. January's figure was revised down from a 0.8% decline.

     

    Sales of non-food products increased at an annual rate of 3.9% in February, while sales of food, beverages and tobacco products rose by 7.1%.


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