31 Oct 2010

German retail sales down

7:25 am on 31 October 2010

Retail sales in Germany fell in September at their biggest rate in more than two years.

The Statistics Office said sales declined 2.3% last month compared with August, the largest decline since March 2008.

The BBC reports the fall was a surprise because Germany's economy is growing and unemployment fell below three million people in September.

Analysts had predicted that sales would rise in September by 0.4%.