German retail turnover decreased
Instead of the expected growth in August, retail turnover in Germany was lower than in the previous month – the Destatis federal statistics agency published on Monday.
In August, retail sales in Germany decreased by 0.1 percent, compared to the previous month, according to the price, calendar and seasonal adjusted data. Markets expected a 0.4 percent increase, after the previous month’s (July) 1.1 percent decline.
On an annual basis, retail sales grew by 1.6 percent in August, compared to the expected 1.5 percent, following a 0.9 percent increase in July. (MTI)
Related news
Wholesale price growth in Germany slowed on a monthly basis, but accelerated on an annual basis in February
In Germany, wholesale price growth slowed down on a monthly…
Read more >The Nutriment Company buys German pet-food business BAF
Acquisitive pet-food group The Nutriment Company has acquired BAF Petfood…
Read more >Coffee consumption declines in Germany in 2024
Total per capita consumption dropped nearly 2% in volumes to…
Read more >Related news
OKSZ: margin is not profit!
The international food retailer member companies of the National Trade…
Read more >Viktor Orbán on Kossuth Radio: traders cannot add more than 10 percent to the purchase price
Traders cannot add more than 10 percent to the purchase…
Read more >GKI Analysis: Why are food prices constantly rising?
In recent times, the rise in the prices of basic…
Read more >