Germany retail sales down in April 2014

1 June 2014 (Last Updated June 1st, 2014 18:30)

German retail sales fell unexpectedly in April after rising for three consecutive months, according to the date from Destatis.

German retail sales fell unexpectedly in April after rising for three consecutive months, according to the date from Destatis.

Retail sales turnover fell by a real 0.9% from March, when it was up 0.1%.

Year-on-year, retail sales grew 3.4%, rebounding from the 1.1% drop in March.

During the period, sales of food, beverages and tobacco surged 7.9% as against last year, while clothing and footwear sales slipped 1% and household goods sales dipped 2.7%.

In the first four months of the year, retail turnover was 1.2% larger, as against the same period last year.

The agency noted that the quarterly growth advanced to 0.8% from 0.4% in the fourth quarter.

However, growth is expected to slow in the second quarter.

The data are in line with timid retail growth across the single currency bloc.

For the euro-zone as a whole, retail sales were marginally up by 0.3% on the month in March, and 0.9% from the year-earlier month, in the most recent data available.