The FINANCIAL — German retail sales grew on month in July, rebounding from a decline in June, signaling that consumers in Europe’s largest economy started the third quarter on firm footing, adjusted data from the country’s statistics office, Destatis, showed on August 31, according to Nasdaq.
The 1.4% monthly increase beat analysts’ expectations for a 1.3% gain in a Wall Street Journal survey. The monthly gain was a recovery from the previous month’s 1.0% decline.
In annual terms, sales were 3.3% higher in July, the data showed, after a 5.2% gain in June.
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