Berlin, Germany (4E) – Retail sales in Germany surprisingly fell in April after climbing for three straight months, according to official data released Friday.
Retail sales turnover fell by 0.9 percent in real terms compared with 0.1 percent in March, according to Destatis. Sales were projected to increase by 0.2 percent.
Retail sales rose 3.4 percent on an annual basis, reversing the decline of 1.1 percent in March. The pace also surpassed economists’ forecast of 1.5 percent.
In the January to April period this year, retail trade turnover was 1.2 percent larger compared with the year-earlier period.