German March retail sales down 0.7 pct vs Feb, up 0.5 pct yr-on-yr
WIESBADEN, Germany (Thomson Financial) - German retail sales were up 0.5 pct in real terms in March compared with March 2007 and down 0.7 pct from February this year, according to preliminary figures from the Federal Statistics Office.
Analysts polled by AFX News had forecast a 0.9 pct rise in retail sales month-on-month.
The Statistics Office also revised upward retail sales in February, saying they rose 1.0 pct month-on-month. Its preliminary estimate released last month had an increase of 0.9 pct.
marilyn.gerlach@thomson.com
mog/vs
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