Mon, 30 Sep 2013 08:33:03 GMT
German economy gathers pace amid increase in retail sales
German economy was buoyed by solid retail sales that gained 0.3% year-on-year in August and 0.5% compared to July, belying expectations of a monthly increase of 0.8% . Meanwhile, the GDP advanced 0.7% in Q2 , yet the growth is forecast to slow down in the third quarter, averaging at 0.3% in 2013 and 1.5% in 2014. At the same