Retail Sales Rise in Germany on Job Creation

“German retail sales rebounded in March as declining unemployment, slowing inflation and higher wages bolstered households’ purchasing power.

Sales, adjusted for inflation and seasonal swings, rose 0.8 percent from February, when they fell a revised 0.9 percent, the Federal Statistics Office in Wiesbaden said today. Economists forecast a gain of 1 percent, the median of 26 estimates in a Bloomberg News survey showed. Sales increased 2.3 percent from a year earlier…”

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