German retail sales rebound in October: data

28th November 2014, Comments 0 comments

German retail sales, a closely watched measure of household confidence, rebounded in October, following a sharp drop the previous month, official data showed on Friday.

German retailers' sales rose by 1.9 percent in October compared with September, the federal statistics office Destatis said in a statement.

In September, retail sales had slumped by 2.8 percent.

On a 12-month basis, business also increased, rising by 1.7 in October compared with the same month last year, the statisticians calculated.

Retail sales data are subsequent to frequent revision.

© 2014 AFP

0 Comments To This Article