German retail sales rose more than expected in April after falling for four consecutive months, according to provisional data from the country's Federal Statistical Office.
Turnover in retail trade increased by 2.3% in April in real terms from March after calendar and seasonal adjustments, well above Econoday's consensus estimate of a 0.5% increase. In nominal terms, sales were up 2.6% from the previous month.
On a year-over-year basis, retail sales increased by 1.2% in real terms and by 2.8% in nominal terms.
Turnover in retail trade increased by 1.7% in real terms and by 3.1% in nominal terms in the first four months of 2018, compared with the same period of last year.
