To: yard_man who wrote (171637 ) 6/10/2002 4:33:07 PM From: Haim R. Branisteanu Read Replies (1) | Respond to of 436258 German Apr Retail Sales -2: Well Below Expectations WIESBADEN, Germany (Dow Jones)--Germany's retail sales remained well below last year's level in April, data released by the Federal Statistics Office Monday showed. Germany's retail sales fell a real, or inflation-adjusted, 1.9% in April from a year earlier, after a revised fall of 4.7% on the year in March. Compared with March, April retail sales fell a real 2.4% on a calendar and seasonally adjusted basis, after a revised rise of 0.7% on the month in March. Data is well below expectations. According to a survey by Dow Jones, economists expected retail sales to fall only 0.2% on the month and 0.5% on the year. Germany's retail sales have been well below last year's level every single month in 2002, the latest data series shows. Retail sales fell 2.8% on the year in February and 4.1% on the year in January 2002. The last time they were up on the year was in November 2001, when they rose 2.1% on the year. In the first four months of 2002, retail sales fell a nominal 1.6% and a real 3.0% compared with the same period a year earlier, the office added. All sectors of retail sales with the exception of drugs and cosmetic sales, up a real 5.0% on the year, and mail order sales, up 8.5% on the year, showed annual declines in April, the office said. The Federal Statistics Office Monday provided the following data for April retail sales. All percent changes are inflation-adjusted. Apr Total Retail Sales -1.9% Food, Beverages, and Tobacco -1.4% Non-Food Retail Sales -2.3% of which: - Clothing, Shoes, Textiles -4.9% - Household goods, Building and Do-It-Yourself Retail -4.0% - Drugs, cosmetics +5.0% - Non-Store Retail -8.7% - Mail Order Retail +8.5% Web site: destatis.de -By Klaus Brune, Dow Jones Newswires; +49 69 29 725 500; klaus.brune@dowjones.com