German adjusted retail sales up 1.7% in July

According to provisional results of the Federal Statistical Office (Destatis), retail turnover in July 2016 in Germany decreased in real terms 1.5% and in nominal terms 1.2% compared with the corresponding month of the previous year. The number of days open for sale was 26 in July 2016 and 27 in July 2015.

Compared with the previous year, turnover in retail trade was in the first seven months 2016 in real terms 1.7% and in nominal terms 1.9% larger than in in the corresponding period of the previous year.

When adjusted for calendar and seasonal variations, the July turnover was in real terms 1.7% and in nominal terms 1.8% larger than that in June 2016.

The post German adjusted retail sales up 1.7% in July appeared first on forex-analytics.press.