german retail sales decline in may
Last Updated : GMT 05:17:37
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Last Updated : GMT 05:17:37
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German retail sales decline in May

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Emiratesvoice, emirates voice German retail sales decline in May

Berlin - AFP

Retail sales in Germany declined for the second month in a row in May, confounding analysts\' expectations for a slight rise, official data showed on Friday. Retail sales fell by 0.3 percent in May compared with April 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 a slight increase of 0.2 percent following a decline of 0.2 percent in April. On a 12-month basis, retail sales were down by 1.1 percent in May, the statisticians calculated. Monthly retail sales data are volatile and subject to frequent revision.

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