Germany Retail Sales (MoM) above expectations (0.5%) in June: Actual (1%)

Retail Sales in Germany rose 1.0% month-over-month (MoM) in June, following the revised 1.6% decline reported in May, according to official data released by Destatis on Wednesday.The market forecast was for a 0.5% increase.On an annual basis, Retail Sales rose 4.9% in June vs. May’s 1.6% revision.