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German retail sales rebound in November -Breaking

by Mike Robinson

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© Reuters. FILEPHOTO: Cologne Christmas shoppers wear masks to fill Hohe Strasse (High Street), during the COVID-19 (Coronavirus Disease) pandemic. December 12, 2020, Cologne. REUTERS/Wolfgang Rattay

BERLIN (Reuters – German retail sales unexpectedly rose in November. Data showed Tuesday that annual sales in Germany rose to a record level despite new restrictions regarding the coronavirus epidemic, which has impeded a consumer-driven recovery in Europe’s biggest economy.

Retail sales rose 0.6% by the Federal Statistics Office in real terms, according to The Federal Statistics Office. This was better than Reuters’ forecast of a drop of 0.5%.

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