German retail sales rise 3.6% year-on-year in February

FXStreet (Mumbai) - As per the provisional results of the Federal Statistical Office (Destatis), retail sales in February 2014 in Germany increased 3.6% year-on-year in real terms, missing the estimate of a 3.7% rise. Retail sales stood at 5.00% in January.

In nominal terms retail sales rose 2.8% compared with the corresponding month of the previous year. Meanwhile, month-on-month retail sales fell 0.5% in February, beating the estimate of a 0.8% fall. Retail sales in February were significantly lower that the 2.3% rise seen in January.