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Retail

German Retail Sales Rise Less Than Expected In September

German retail sales rose slightly in September, data showed on Thursday, suggesting that private consumption was losing steam in Europe's largest economy.

Retail sales were up by 0.1% on the month in real terms after a revised 0.1% drop the previous month, data from the Federal Statistics Office showed.

On the year, retail sales rose by 3.4% in September after a revised 3.1% rise in August, the data showed. Retail sales are a volatile indicator often subject to revision.

Consumer Mood

The retail data comes after a survey published last week showed that the mood among German consumers sank to its lowest in three years, dragged by shopper's employment concerns.

Germany is expected to dip into recession in the third quarter.

News by Reuters, edited by ESM. Click subscribe to sign up to ESM: European Supermarket Magazine.

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