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Business

German retail sales fall more than expected in October
People walking with branded shopping bags on a street.

Published : 1 week ago, on

(Reuters) – German retail sales fell more than expected in October, decreasing by 1.5% compared with the previous month, data showed on Friday.

Analysts polled by Reuters had predicted a 0.3% decrease.

Compared to the same month in the previous year, the retail sector recorded an increase in sales of 1.0% in real terms.

Food sales rose by 0.1% on the month, while non-food sales fell by 2.2% in October, data from the statistics office showed.

 

(Reporting by Elizaveta Gladun in Gdansk and Maria Martinez in Berlin)

 

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