German Retail Sales Rise Less Than Expected

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.