7/1, 8:00 AM (Source: TeleTrader)
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Germany retail sales surge 13.9% in May

Turnover in Germany's retail trade in real terms topped expectations as it surged 13.9% in May compared to the previous month, the country’s statistical office Destatis said in a provisional report published on Wednesday.

Retail sales jumped 3.8% compared to the same month a year earlier in real terms.

Germany eased its coronavirus protective measures in May, allowing shops and other businesses to reopen following weeks of closure.

Breaking the News / JC