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May 25, 2017

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German retail sales rise in February by 1.3 percent, official data shows

FRANKFURT -- German retail sales, a closely watched measure of household confidence, increased in February, official data showed on Monday.

German retailers' sales increased by 1.3 percent in February compared with January, the federal statistics office Destatis said in a statement.

Retail sales had already increased by 1.7 percent in January and analysts had been expecting a drop of around 0.5 percent for February.

On a 12-month basis, business increased by 2.0 percent in February compared with the same month last year, the statisticians calculated.

Retail sales data are subsequent to frequent revision.

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