German Retail Sales rise by 7.0% YoY in February, beat estimates

• German Retail Sales arrived at 7.0% YoY in February vs. 6.1% expected.
• Retail Sales in Germany stood at 0.3% MoM in February vs. 0.5% expected.

Germany's Retail Sales rose by 0.3% MoM in February versus 0.5% expected and 0% last, the official figures released by Destatis showed on Thursday.

On an annualized basis, the bloc’s Retail Sales came in at 7.0% in February versus 6.1% expected and 10.4% booked in January.

more to come ...