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German retail sales surge at fastest pace in seven years

Reuters    Translate This Article
3 March 2015

On 3 March 2015 Reuters reported: German retail sales jumped by the largest amount in seven years in January, data from the Federal Statistics Office showed on Tuesday, fuelling expectations that private consumption will propel growth in Europe's largest economy this year. Retail sales leapt by 5.3 per cent on the year in real terms, their biggest increase since June 2010. German consumer morale is at its highest level in more than 13 years as shoppers benefit from record employment and higher pay. Global Good News service views this news as a sign of rising positivity in the field of business, documenting the growth of life-supporting, evolutionary trends.

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