Retail sales in Germany up 0.9% in first half of 2010

Write: Andie [2011-05-20]

German H1 retail sales figures revised upward to increase of 0.9%

German retail sales rose in the first half of 2010 from the same period a year earlier, the Federal Statistics Office said, revising an initial estimate that they declined.

Sales, adjusted for inflation, increased 0.9 percent in the first six months of the year compared with the first half of 2009, the statistics office in Wiesbaden said in a report published on its website today. On July 30, the office reported a 0.4 percent drop. The revision is due to changes in the group of retailers surveyed for the data, it said.

Retail sales fell 0.3 percent in June from May when adjusted for seasonal and calendar effects, the new data show. That s up from an initial estimate of a 0.9 percent decline. June sales gained 4.7 percent from a year earlier instead of the initially reported 3.1 percent gain.