Fri, 31 Jan 2014 11:10:06 GMT
German retail sales unexpectedly decline in December
Retail sales in Germany surprisingly decreased in December, the data from the Destatis showed on Friday. Turnover in retail sector dropped 2.5% on a monthly basis, pointing on weakness during the Christmas season. Analysts expected the sales to add 0.2% after a 0.9% increase in November. At the same time, on monthly basis retail sales in the country plummeted 2.4%.