German retail sales unexpectedly contract in June

FXStreet (Mumbai) – The official data released in Germany on Friday showed the retail sales unexpectedly contracted 2.3%, compared to the expected print of 0.3%.

The previous month’s figure was revised down to 0.4% from 0.5%. Retail sales increased 5.1% in real terms and 5.3% in nominal terms compared with the corresponding month of the previous year. The number of days open for sale was 26 in June 2015 and 24 in June 2014.

The official data released in Germany on Friday showed the retail sales unexpectedly contracted 2.3%, compared to the expected print of 0.3%.

(Market News Provided by FXstreet)