Tuesday 7 January 2014

German retail sales beat consensus

German retail sales registered a stronger-than-expected rebound in November, according to data published on Tuesday by the Germany's national statistics office Destatis. 

Provisional data showed that November retail sales rose 1.6% year-on-year after a revised 0.1% annual drop in October.

Month-on-month, the data showed a 1.5% rise compared to the prior 0.8% fall and consensus expectations for a 0.5% increase.

Source: LiveCharts

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