German Retail sales beat expectations in January

FXStreet (Mumbai) - As per the data released by the German Federal Statistical Office (Destatis), retail sales in January rose 5.3%, beating the estimate of 3.0%, and up from the December’s upwardly revised 4.8% rise.

Month-on-month, the retail sales printed at 2.9%, beating the estimate of 0.4% growth, and higher from the December’s upwardly revised 0.6%. The number of days open for sale was 26 in January 2015 and 26 in January 2014, too.