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Updated Friday, March 4, 2011 11:33 am TWN, Reuters

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German retail sales surge points to a broader economic recovery

BERLIN -- German retail sales came in much stronger than expected in January, showing traditionally conservative consumers are contributing to an economic recovery that shows little sign of faltering.

Figures from the Statistics Office on Thursday showed sales rose 1.4 percent on the month and 2.6 percent on an annual basis when adjusted for inflation, beating forecasts for rises of 0.5 percent and 1.6 percent respectively.

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