German Retail Sales Rise 2.1 percent in November

Retail sales in Germany rose as much as 2.1% last year as Europe’s largest economy took the eurozone debt crisis in its stride, according to the Federal Statistical Office.

But stripping out inflation, turnover at retail stores fell between 0.1% and 0.3% from 2011, Destatis said.

November retail sales also gained from a year earlier, it added.

Germany has mainly escaped the worst effects of the crisis that has threatened to unravel the bloc.

Figures this week also showed the jobless rate was unchanged at 6.9% last month – with the total jobless at about 2.8 million.

Germany’s Federal Labour Agency said the seasonally-adjusted jobless rate was unchanged in December, although there were 3,000 more unemployed people than the previous month.

via BBC

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