In Germany, retail sales decreased in March
In Germany, retail sales decreased in March, both year-on-year and month-on-month.
The German Federal Statistical Office (Destatis) announced on Tuesday that, with calendar and seasonal adjustments, retail sales fell by 2.4 percent at constant prices in a monthly comparison, after a 0.3 percent decrease in February. The average of analysts’ expectations was a 0.4 percent increase in retail sales. Nominally, the decrease was 1.3 percent compared to February.
Compared to March last year, retail sales decreased by 8.6 percent in real terms and 0.2 percent in nominal terms in March this year. Experts expected a smaller, 6.1 percent drop in real terms for March after the 7.1 percent fall in February on an annual basis.
Related news
Oetker to acquire local baking peer Kathi
Oetker told Just Food Kathi had a strong presence in…
Read more >Intersnack to invest €85m in Alsbach plant to expand production
The German snack manufacturer is hoping to halve CO2 emissions…
Read more >At a suffocating pace: the corporate world is still shrinking, but the decline is slowing
The number of domestic companies continues to decline, but the…
Read more >Related news
The SPAR franchise network is expanding dynamically – it now has more than 300 stores nationwide
The SPAR Hungary franchise network continues to grow dynamically. As…
Read more >Every sip is a new chapter – the BB wine and champagne family is completely renewed and takes the next level
By analyzing and rethinking every stage of winemaking, the Balatonboglár-based…
Read more >NGM: decisions have already been made on the development plans of more than fifty companies in the Demján Sándor Capital Program
Despite pressure from Brussels, the government is doing everything it…
Read more >