German retail sales rebounded strongly in October, growing at the fastest pace in nearly one-and-a-half years, preliminary data from the Federal Statistical Office showed on Friday.
Retail sales grew 5 year-on-year following a revised 2.8 percent slump in September. Economists had expected a gain of 1.4 percent.
The pace of growth was the fastest since May 2017, the agency said.
On a month-on-month basis, retail sales dropped 0.3 percent in October, same as in September, which was revised. In contrast, economists were looking for a 0.4 percent increase.
Sales fell on a monthly basis for a fourth consecutive month.
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