German retail sales rise strongly in January: data

3rd March 2015, Comments 0 comments

German retail sales, a closely watched measure of household confidence, rose strongly in January, official data showed on Wednesday.

Retailers' sales climbed by 2.9 percent in January compared with December, the federal statistics office Destatis said in a statement.

The previous month, retail sales had increased by 0.6 percent.

On a 12-month basis, business improved even more, jumping by 5.3 percent in January compared with the same month last year, the statisticians calculated.

That was the biggest increase since June 2010, they said.

Retail sales data are often revised.


© 2015 AFP

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