AFP, Frankfurt :
German retail sales, a closely watched measure of household confidence, rebounded in October, following a sharp drop the previous month, official data showed Friday.
German retailers’ sales rose by 1.9 percent in October compared with September, the federal statistics office Destatis said in a statement.
In September, retail sales had slumped by 2.8 percent.
On a 12-month basis, business also increased, rising by 1.7 in October compared with the same month last year, the statisticians calculated.
Retail sales data are subsequent to frequent revision.
German retail sales, a closely watched measure of household confidence, rebounded in October, following a sharp drop the previous month, official data showed Friday.
German retailers’ sales rose by 1.9 percent in October compared with September, the federal statistics office Destatis said in a statement.
In September, retail sales had slumped by 2.8 percent.
On a 12-month basis, business also increased, rising by 1.7 in October compared with the same month last year, the statisticians calculated.
Retail sales data are subsequent to frequent revision.
