(Reuters) German retail sales rose slightly less than expected on the month in September and posted a big increase on the year, data showed on Monday, adding to signs that consumption will continue to support growth this year.
The volatile indicator, which is often subject to revision, showed retail sales in Europe's largest economy rose by 0.5% on the month in real terms, the Federal Statistics Office said.
That compared with the Reuters consensus forecast for a 0.7% rise.
On the year, retail sales jumped by 4.1%, overshooting a Reuters consensus forecast for an increase of 3.0%.
Traditionally thrifty Germans have helped private consumption displace exports as the main driver of growth thanks to record-high employment, increased job security, rising real wages and ultra-low borrowing costs.