German retail sales jump in March as lockdown meausres ease

German retail sales jump in March as lockdown meausres ease
German retail sales jump in March as lockdown meausres ease Copyright (c) Copyright Thomson Reuters 2021. Click For Restrictions - https://agency.reuters.com/en/copyright.html
Copyright (c) Copyright Thomson Reuters 2021. Click For Restrictions - https://agency.reuters.com/en/copyright.html
By Reuters
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BERLIN (Reuters) - German retail sales posted their biggest year-on-year increase in March since the start of the COVID-19 pandemic, data showed on Monday, as the relaxation of some lockdown measures boosted purchases of clothes and shoes.

The Federal Statistics Office said retail sales jumped 11.0% compared to the same month a year earlier in real terms after an upwardly revised fall of 6.6% in February. The March reading overshot a Reuters forecast for a decline of 0.3%

Sales of textiles, clothing, shoes and leather goods rose 27.7% compared to the same month a year earlier, while retail trade with goods sold in department stores was up 23%.

Online retailers continued to benefit from shifting consumer habits with sales up 42.9% compared with a year earlier.

German states started allowing shops to offer so-called appointment shopping deals, called "click and meet" in March.

(Reporting by Caroline Copley; Editing by Riham Alkousaa)

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