Economic Buzz: German retail sales drop 0.2% in March

Germany's retail sales declined in March albeit at a slower than expected pace, preliminary data from Destatis showed on Wednesday.

Retail sales fell 0.2 percent on a monthly basis in March but reversed a 0.2 percent rise in February. Sales were expected to decline 0.4 percent.

Food sales grew 0.3 percent from a month ago, while non-food sales decreased 0.6 percent.

In e-commerce and mail order, sales registered an increase of 0.6 percent compared to the previous month.

Year-on-year, retail sales growth slowed to 2.2 percent in March from 4.3 percent in the previous month.

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