German Retail Sales growth slows down in November

FXStreet (Mumbai) - As per the data released by the German Federal Statistical Office (Destatis), Retail sales in November registered at 1.00% month-on-month, beating expectations of 0%, and down from October’s 2%.

Meanwhile, year-on-year the Retail sales declined 0.8% in November from October’s rise of 1.7%. When adjusted for calendar and seasonal variations the November retail turnover was in real terms 1.0% and in nominal terms 0.7% larger than that in October 2014.