German retail sales beat forecasts in May

Note: This section contains information in English only.
Source: Marketwatch
Europe largest economy's retail sales grew 0.5% in May, compared with April, however, economists forecasted that figures would stay unchanged for the month. Revised retail sales in April rose 1.3% from March, lower than a 1.7% increase estimate. Meanwhile, retail sales from January to May of 2015 have risen 2.4% year-over-year, therefore indicating that private consumption could remain a growth engine for the German economy. 
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Tue, 30 Jun 2015 08:32:06 GMT

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