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Destatis released its retail sales for Germany on Wednesday. German adjusted retail sales decreased 0.4% in August, missing forecasts of a 0.2% gain, after a 1.6% rise in July. July's figure was revised up from a 1.4% increase.
On a yearly basis, German retail sales jumped 2.5% in August, missing expectations for a 3.1% gain, after a 3.8% rise in July. July's figure was revised up from a 3.3% increase.
Sales of non-food products increased at an annual rate of 1.1% in August, while sales of food products climbed by 3.9%.
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