German retail sales down by 1.6% in January

Friday, 2 March 2012 01:44

The German retail sales in a month-to- month capture unexpectedly fell by 1.6% in January after revised 0.1% increase in December.

In the meantime analysts expected at least 0.5% growth in January.

Destatis also reported that comparing with previous year retail sales exceeded expectations for 0.2% increase with 1.6% reading higher than in January 2011.