Germany's retail turnover unexpectedly dropped in April from the previous month, according to provisional data released by the country's statistics agency.
Retail sales fell 2.0% in monthly real terms in April after seasonal and calendar adjustments, missing the Econoday estimate of 0.5% growth. Sales in March stalled, after being upwardly revised from a 0.2% drop.
In adjusted nominal terms, sales dropped 1.5% month over month.
On a yearly basis, retail sales grew 4.0% in real terms, after a revised drop of 2.0% in the prior month. Nominal growth reached 4.8%.
The retail turnover from January to April increased 2.2% in real terms from the same period a year ago and 3% in nominal terms.