November 29, 2019 / 7:29 AM / 7 days ago

German retail sales drop in October

FILE PHOTO: People carry their shopping bags in downtown Hamburg, Germany, January 25, 2018. REUTERS/Fabian Bimmer

BERLIN (Reuters) - German retail sales fell in October, data showed on Friday, suggesting that private consumption in Europe’s largest economy took a pause for breath before the Christmas shopping season.

Retail sales fell 1.9% on the month in real terms after a revised reading of no change in the previous month, data from the Federal Statistics Office showed. October’s fall was the biggest since December last year.

Retail sales are a volatile indicator often subject to revision. The Ifo economic institute said on Monday it expected a “very good Christmas”.

On the year, retail sales rose by 0.8% in October after a 3.4% rise in September, the data showed.

Reporting by Paul Carrel; editing by Thomas Seythal

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below