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Destatis released its retail sales for Germany on Tuesday. German adjusted retail sales rose 0.5% in May, beating forecasts of a flat reading, after a 1.3% increase in April. April's figure was revised down from a 1.7% gain.
On a yearly basis, German retail sales fell 0.4% in May, missing expectations for a 2.5% gain, after a 1.1% rise in April. April's figure was revised up from a 1.0% increase.
Sales of non-food products increased at an annual rate of 0.2% in May, while sales of food products declined by 1.1%.
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