German retail sales rebound in October

German retail sales, a closely watched measure of household confidence, rebounded in October, following a sharp drop the previous month, official data showed on Friday.

Berlin: German retail sales, a closely watched measure of household confidence, rebounded in October, following a sharp drop the previous month, official data showed on Friday.

German retailers` sales rose by 1.9 percent in October compared with September, the federal statistics office Destatis said in a statement.

In September, retail sales had slumped by 2.8 percent.

On a 12-month basis, business also increased, rising by 1.7 in October compared with the same month last year, the statisticians calculated.

Retail sales data are subsequent to frequent revision.

Zee News App: Read latest news of India and world, bollywood news, business updates, cricket scores, etc. Download the Zee news app now to keep up with daily breaking news and live news event coverage.