German Retail Sales Unexpectedly Rise for a Second Month
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German retail sales unexpectedly rose for a second month in February, adding to signs the domestic economy is returning to growth.
Sales, adjusted for inflation and seasonal swings, gained 0.4 percent from January, when they surged a revised 3.0 percent, the Federal Statistics Office in Wiesbaden said today. Economists forecast a decline of 0.6 percent, according to the median of 24 estimates in a Bloomberg News survey. From a year earlier, sales dropped 2.2 percent.