Economic Buzz: German retail sales fall 1.1% in April

Germany's retail sales declined unexpectedly in April, data from Destatis revealed on Friday.

Retail sales decreased 1.1 percent on a monthly basis, in contrast to the 0.9 percent rise in March.

Sales in the food sector edged down 0.1 percent and non-food retail dropped 1.3 percent.

Year-on-year, retail sales growth softened to 2.3 percent from 3.3 percent a month ago. Nonetheless, the pace of increase was slower than the forecast of 1.8 percent.

In e-commerce and mail order, sales in April registered a decline of 0.2 percent in real terms.

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