Fri, 28 Jun 2013 08:52:16 GMT
Rise in retail sales signs German recovery
German retail sales data was better-than-expected, which contributes to the recovery in the Europe's biggest economy. The data came after yesterday's unexpected drop in unemployment and increased business and investor confidence. Sales data, adjusted for inflation, increased 0.8% in May from a month earlier, beating experts' expectations of 0.4% rise.