Pursuits
German Retail Sales Rose for a Second Straight Month in April
This article is for subscribers only.
German retail sales increased for a second straight month in April as unemployment at a two-decade low and rising wages bolstered household purchasing power.
Sales, adjusted for inflation and seasonal swings, rose 0.6 percent from March, when they advanced 1.6 percent, the Federal Statistics Office in Wiesbaden said today. Economists forecast a gain of 0.2 percent, the median of 27 estimates in a Bloomberg News survey showed. Sales dropped 3.8 percent from a year ago.