Adverse German retail sales
In the first eight months of this year retail sales grew by 2.2 percent in real terms, in annual comparison in Germany.
The Federal Statistical Office (Destatis) reported on Friday that German retail sales slowed in August. Inflation-adjusted retail sales fell 0.4 percent in August from July, which was worse than the 0.2 percent slip expected by the market.
Retail sales in real terms on an annual basis rose 3.7 percent. Analysts polled by Reuters expected a more modest growth of 1.3 percent.
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 >