FOREX TradingCharts.com

Financial News: German Retail Sales Growth Tops Expectations

German Retail Sales Growth Tops Expectations

01/05/2021 - 02:34:00 (RTTNews)

(RTTNews) - Germany's retail sales grew more than expected in November driven by non-food retailing, data from Destatis revealed Tuesday.

In November, retail turnover climbed by a real 5.6 percent from the previous year, which was faster than the expected growth of 3.9 percent but slower than the 8.6 percent increase logged in October.

Retail sales of food, beverages and tobacco gained only 0.8 percent annually, while non-food retail surged 8.5 percent.

On a monthly basis, retail sales grew unexpectedly by 1.9 percent. Economists had forecast a month-on-month fall of 2 percent after rising 2.6 percent in October.

In comparison to February, the month before the outbreak of Covid-19, the turnover in November was 8.4 percent higher in real terms.

Destatis said retail turnover for the whole year of 2020 was expected to be between 3.9 percent and 4.3 percent in real terms higher than in 2019.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2021 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Japan Interest Rate Decision On Tap For Thursday (10 min(s), 40 sec(s) ago)
(RTTNews) - The Bank of Japan will wrap up its monetary policy meeting and then announce its decis ...Full Story»

South Korea Producer Prices Jump 0.7% In December (01 hr(s), 21 min(s), 40 sec(s) ago)
(RTTNews) - Producer prices in South Korea were up 0.7 percent on month in December, the Bank of K ...Full Story»

U.S. Homebuilder Confidence Unexpectedly Drops In January (06 hr(s), 40 min(s), 40 sec(s) ago)
(RTTNews) - Reflecting concerns about rising material costs and the resurgence of the coronavirus, ...Full Story»

Cyprus HICP Inflation Remains Negative (07 hr(s), 21 min(s), 40 sec(s) ago)
(RTTNews) - Cyprus's EU measure of inflation remained in the negative territory for the ninth ...Full Story»

Luxembourg Jobless Rate Rises In December (07 hr(s), 28 min(s), 40 sec(s) ago)
(RTTNews) - Luxembourg's unemployment rate rose in December, after remaining steady in the pre ...Full Story»

UK House Price Inflation Highest Since Mid-2016 (10 hr(s), 26 min(s), 40 sec(s) ago)
(RTTNews) - UK house prices grew at the fastest pace in more than four years in November as homebu ...Full Story»

Greece Current Account Gap Narrows In November (10 hr(s), 42 min(s), 40 sec(s) ago)
(RTTNews) - The Greece current account deficit narrowed in November from the previous year, the Ba ...Full Story»

Austria Inflation Slows In December (10 hr(s), 56 min(s), 40 sec(s) ago)
(RTTNews) - Austria's consumer price inflation eased in December, figures from Statistics Aust ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Japan Interest Rate Decision On Tap For Thursday

01/20/2021 - 17:30 PM (RTTNews)
(RTTNews) - The Bank of Japan will wrap up its monetary policy meeting and then announce its decis ...Full Story>>

South Korea Producer Prices Jump 0.7% In December

01/20/2021 - 16:19 PM (RTTNews)
(RTTNews) - Producer prices in South Korea were up 0.7 percent on month in December, the Bank of K ...Full Story>>

U.S. Homebuilder Confidence Unexpectedly Drops In January

01/20/2021 - 11:00 AM (RTTNews)
(RTTNews) - Reflecting concerns about rising material costs and the resurgence of the coronavirus, ...Full Story>>

Cyprus HICP Inflation Remains Negative

01/20/2021 - 10:19 AM (RTTNews)
(RTTNews) - Cyprus's EU measure of inflation remained in the negative territory for the ninth ...Full Story>>

Luxembourg Jobless Rate Rises In December

01/20/2021 - 10:12 AM (RTTNews)
(RTTNews) - Luxembourg's unemployment rate rose in December, after remaining steady in the pre ...Full Story>>

Do not sell my personal information

Copyright © 2021. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.