-- Trade Up Strongly Year-On-Year
FRANKFURT (MNI) - Germany's retail sales fell sharply in June, data
released by the country's statistics office showed Friday, snapping a two-month
streak of increases and providing a first piece of evidence that private
household consumption may have peaked, in spite of a robust labour market and
strong consumer sentiment indicators.
Retail sales contracted by 2.3% on month in June, Destatis said, after
increasing a downwardly revised 0.3% in May and 1.4% in April, leading to 2.5%
real growth in retail trade in the first six months of 2015.
On an annual basis, however, retail sales rose 5.1%, largely because of two
additional sales days in June 2015 compared with June last year, according to