German retail sales rise in March

Retail sales in Germany rose in March but were slightly lower than forecasts, official data showed on Monday.

By (AFP)

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Published: Mon 30 Apr 2012, 4:44 PM

Last updated: Tue 7 Apr 2015, 11:47 AM

The rise was 0.8 percent against the previous month in price, seasonally and calendar-adjusted terms, according to provisional figures by the federal statistics office Destatis.

Analysts surveyed by Dow Jones Newswires had expected an increase of 1.0 percent for March following a drop of 0.9 percent the previous month.

On a 12-month basis, retail sales rose by 2.3 percent in February, the statisticians calculated.

Monthly retail sales data are volatile and subject to frequent revision.

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