German retail sales declined
Retail sales in Germany declined unexpectedly in December, provisional data from Destatis revealed Tuesday.
Retail sales fell 0.9 percent in December from November, confounding expectations for an increase of 0.6 percent. This was the second consecutive decrease but slower than November’s 1.7 percent drop.
On a yearly basis, retail sales slid 1.1 percent in contrast to a 3.5 percent rise in November and the expected 0.5 percent increase.
Food, beverages and tobacco sales advanced 1.1 percent, while non-food sales decreased 1 percent in December.
In 2016, retail trade turnover advanced 1.6 percent in real terms and by 2.2 percent in nominal terms. (MTI)
Related news
Food prices rose at an accelerating rate in Germany
Inflation in Germany slowed down in June, according to the…
Read more >E-commerce in Germany grows for the first time in two years
Sales in German online retail have increased slightly again for…
Read more >Rewe opens Europe’s largest autonomous supermarket
Rewe has opened Europe’s largest autonomous supermarket in Hamburg. Its…
Read more >Related news
VOSZ Barometer – 2024. II. quarter: mandatory optimism or real growth?
The perception of inflation is still present in domestic companies,…
Read more >Fidelity: Three themes shaping investments in Q3
Has the post-epidemic normalization that we have been waiting for…
Read more >Large companies are resistant to economic uncertainty
Restrained expectations characterize the domestic corporate sector for the next…
Read more >