German retail sales jump for second month in a row

  • 8/2/2021
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BERLIN, Aug 2 (Reuters) - German retail sales increased much more than expected in June following an easing of COVID-19 restrictions, supporting hopes for a consumer-driven recovery in Europe’s largest economy, data showed on Monday. The Federal Statistics Office said retail sales rose 4.2% on the month in real terms after an upwardly revised jump of 4.6% in May. The June reading was more than double a Reuters forecast for a rise of 2.0%. (Reporting by Michael Nienaber Editing by Caroline Copley) Our Standards: The Thomson Reuters Trust Principles.

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