Retail sales exceeded growth expectations in October by rising 8.2% annually and 2.6% monthly

The German retail sales grew 8.2% annually in October, notably surpassing the estimated 5.9% growth and the 6.5% growth seen in September.

On a monthly basis, the indicator grew 2.6%, improving the previous -2.2% and the estimated 1.2%.

In any case, it must be taken into account that as of November Germany applied restrictions on the sectors of catering, leisure, leisure and sports, which could affect the indicator in its next reading

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