German July retail sales rise – data

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FRANKFURT: German retail sales, a closely watched measure of household confidence, rose in July, official data showed on Monday.

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Retailers’ sales increased by 1.4 percent in July compared with June, the federal statistics office Destatis said in a statement.

The previous month, retail sales had fallen by 1.0 percent.

On a 12-month basis, business increased even more strongly, jumping by 3.3 percent in July compared with the same month last year, the statisticians calculated.
Retail sales data are often revised.

AFP

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