German retail to reach pre-crisis level this year

In Germany, retail sales in 2010 increased by such an extent, have not seen in six years, but pre-crisis levels will be reached only in this year – shows the analysis of the German Retail Association (HDE).

According to the datas of the German Retail Association (HDE); retail sales last year increased by 1.8 percent, compared with a year earlier, reaching 406.7 billion euros. Higher growth was recorded the last time in 2004, when annual growth was 2.2 percent. The engine of growth was the online retail with a far above the average, 8 percent expansion – reports Magyar Nemzet Online, after MTI.