German retail sales increase in February
German retail sales grew in February, instead of stagnating, as analysts had expected, the German Federal Statistical Office, Destatis, said in a report released on Monday.
German retail sales grew by 0.8 percent in real terms in February compared to January, when they had grown by 0.7 percent.
February retail sales were 4.9 percent higher than a year earlier, also in real terms, after a 4 percent increase in January.
Food retail sales grew by 0.8 percent in February compared to the previous month and by 3.3 percent year-on-year. Non-food retail sales grew by 0.6 percent compared to the previous month and by 5.2 percent compared to February 2024.
Online and mail-order retail sales grew by 1 percent compared to January and by 15.4 percent compared to February last year.
Related news
Vegan barbecues will cost more in Germany this year
In Germany the price of vegan grilling products grew by…
Read more >China reopens its market to Japanese seafood
China is reopening its market to Japanese seafood, which was…
Read more >German retail sales growth slowed more than expected in May
Retail sales in Germany slowed more than analysts had expected…
Read more >Related news
Temu has already targeted the European food market
The Chinese-rooted Temu is posing an increasingly serious threat to…
Read more >Irrigation water resources equivalent to one-third of Lake Balaton are available
Despite the extraordinary drought and lack of precipitation, we can…
Read more >Free irrigation water provided to farmers is a key element in the fight against drought
Free irrigation water provided to farmers is a key element…
Read more >