German retail sales rise 1% year-on-year in April

FXStreet (Mumbai) - As per the data released by the Federal Statistical Office (Destatis), German retail sales in April rose 1% year-on-year, compared to the estimate of a 2.5% rise. Retail sales in March stood at 4.3%.

Month-on-month, the retail sales rebounded 1.7%, beating the estimate of a 0.8% rise. The retail turnover in March had contracted by 1.4%. As per Destatis, Compared with the previous year, turnover in retail trade was in the first four months of 2015 in real terms 3.1% and in nominal terms 2.6% larger than in the corresponding period of the previous year.