German retail sales rebound in October: data

28 Nov, 2014

FRANKFURT: German retail sales, a closely watched measure of household confidence, rebounded in October, following a sharp drop the previous month, official data showed on Friday.

German retailers' sales rose by 1.9 percent in October compared with September, the federal statistics office Destatis said in a statement.

In September, retail sales had slumped by 2.8 percent.

On a 12-month basis, business also increased, rising by 1.7 in October compared with the same month last year, the statisticians calculated.

Retail sales data are subsequent to frequent revision.

-

Copyright AFP (Agence France-Presse), 2014

Read Comments