BERLIN (Reuters) - German retail sales rose sharply in May, data showed on Wednesday, reflecting a rebound in private consumption as Germany lifted restrictions imposed to stop the spread of the coronavirus.
Retail sales rose by 13.9% on the month in real terms after a downwardly revised drop of 6.5% in April, data from the Federal Statistics Office showed. A Reuters forecast had predicted a 3.9% increase.
On the year, retail sales rose by 3.8% in real terms after an decrease of 6.4% the previous month, the data showed.
Retail sales are a volatile indicator often subject to revision.
Reporting by Joseph Nasr; Editing by Maria Sheahan