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German retail trade recovers as expected in August

German retail trade turnover recovered in line with expectations during August, provisional data from the Federal Statistical Office showed.

Real retail trade increased by 0.5% month over month in August after calendar and seasonal adjustments, matching the consensus estimate of economists polled by Econoday. In July, retail trade turnover fell by a revised 0.8% on a monthly basis.

Year over year, real retail sales grew by 3.2% in August, provisional data showed.

For the first eight months of 2019, German retail sales grew 3.0% in real terms and 3.7% in nominal terms year over year.