German retail sales slip below expectations

Source: RTT News
Retail sales in Germany surprisingly fell in October posting worse-than-expected results. Measured in yearly terms, retails sales increased 2.1% from 3.5% in the previous month, while on a monthly basis retail sales dipped 0.4% in October, down from zero growth booked in September. Analysts had forecasted sales to fall by 0.2%. In the first ten months of the year, retail trade turnover rose in real terms 2.8% and in nominal terms 2.7%. 
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