Germany’s retail sales monthly growth in September was less than what economists expected, preliminary data from the Federal Statistical Office showed on Wednesday.
Retail sales in real terms edged up a calendar and seasonally adjusted 0.1 percent from August, when sales fell 0.3 percent, revised from 0.1 percent. Economists had forecast a 0.5 percent increase. Sales grew for the first time in three months.
On a year-on-year basis, retail sales fell 2.6 percent from a year ago, while economists were looking for a 1 percent gain. The growth in August was revised to 1.5 percent from 1.6 percent. The latest fall was the first in four months.