Destatis released its retail sales for Germany on Tuesday. German adjusted retail sales slid 0.9% in April, missing forecasts of a 0.9% gain, after a 1.4% decrease in March. March’s figure was revised down from a 1.1% drop.
On a yearly basis, German unadjusted retail sales increased 2.3% in April, exceeding expectations for a 1.9% gain, after a 0.6% rise in March. March’s figure was revised down from a 0.7% increase.
Sales of non-food products rose at an annual rate of 2.8% in April, while sales of food, beverages and tobacco products rose by 1.4%.
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