German Retail Sales rise in January

FXStreet (Mumbai) - As per the provision figures released by Federal Statistical Office (Destatis), the retail sales in December 2014 rose 4% in real terms, beating expectations of a 3.6% rise, and up from -1.0% in November.

Month-on-month, retail sales increased 0.2%, missing the expected rise of 0.3%, and down from the November’s 0.9% rise. For the whole year 2014, retail sales rose 1.4% in real terms and 1.7% in nominal terms.