German Retail Sales Rose in September as Unemployment Declined
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German retail sales rose in September as an improving jobs market offset concerns about Europe’s sovereign debt crisis.
Sales, adjusted for inflation and seasonal swings, increased 0.4 percent from August, when they fell 2.7 percent, the Federal Statistics Office in Wiesbaden said today. Economists forecast a gain of 1 percent, according to the median of 24 estimates in a Bloomberg News survey. Sales rose 0.3 percent in the year.