India, March 2 -- Germany's retail sales declined unexpectedly in January, data from Destatis showed Monday.
Retail sales decreased 0.9 percent month-on-month in January, in contrast to the revised 1.2 percent increase in December. Sales were expected to remain flat.
In the food sector, retail sales remained unchanged from a month ago. Meanwhile, non-food sales declined 1.7 percent.
On a yearly basis, growth in retail sales eased to 1.2 percent from 2.5 percent in December.
In nominal terms, retail sales remained flat on a monthly basis and increased 2.5 percent from the previous year.
Published by HT Digital Content Services with permission from RTT News....