German retail sales fall 0.4% year-on-year in May

FXStreet (Mumbai) - The data released by the Destatis on Tuesday showed retail sales in May fell 0.4% year-on-year in May, compared to the estimate of a 2.5% rise. The last month’s figure stands unrevised at 1.1%.

Month-on-month, the retail sales rose 0.5%, beating the estimate of a 0.2% rise. Retail sales rose 1.3% in April. As per the Destatis report, compared with the previous year, turnover in retail trade was in the first five months of 2015 in real terms 2.4 % and in nominal terms 2.2 % larger than in the corresponding period of the previous year.