Homepage |
首页 新闻动态 法律服务 数据服务 项目服务 投资环境 投资服务机构 经济开发区
Macro-Economy | Business Economy | Industrial Economy | Regional Economy

Home >News >Full article
Search
German retail sales jumps in July
2016/9/1 15:18:40 Source:Xinhua

BERLIN, Aug. 31 (Xinhua) -- German retail sales jumped in July, official data showed on Wednesday, adding signs that private consumption continued to support the German growth.

Compared with the previous month, retail sales in Europe's biggest economy increased by 1.7 percent in July, the strongest growth since January 2014, said German federal statistics office Destatis.

In the first seven months of 2016, retailers logged a yearly sales growth of 1.7 percent.

With support from private consumption, the German economy expanded by 0.7 percent in the first quarter and by 0.4 percent in the second quarter.

German retailers' association HDE has said that it saw the industry on track to reach a 2-percent sales growth this year, as stable labour market, increasing wages and low interest rates would spur households to loosen their purse strings.

Print Collection Close
 Related News More>>
 Site Map | About Us | Services | Links | Statement

Ministry of Commerce of the People's Republic of China Department of Foreign Investment Administration

Operated by Investment Promotion Agency of MOFCOM

Tel:  (86-10) 64404554

Copyright by Invest in China

Fax: (86-10) 64515317

ICP Record No.: Beijing ICP 06041048-4 E-mail: service@fdi.gov.cn