Another difficult year is expected in German retail
After last year’s decline, retail sales in Germany may further decrease in real terms this year, according to the forecast published on Tuesday by the industry’s leading advocacy group.
According to the forecast of the German Trade Association (HDE), the turnover of the retail industry, which employs 3.1 million people, will rise from 631.9 billion euros last year to 644.5 billion this year, which is nominally a 2 percent increase, but in real terms – excluding the effect of inflation – 3 percentage decrease.
The drop in traditional in-store purchases, which make up the largest part of the turnover, could be even greater, 4 percent in real terms. Online retail, on the other hand, may expand again this year, its turnover may rise from 85 billion euros to 91 billion euros, which is a nominal increase of 8 percent and 4 percent in real terms.
Related news
How will the world economy develop in 2025?
The global economy will continue to face major challenges in…
Read more >Nespresso introduces paper coffee capsules in Germany
Nespresso has introduced paper-based coffee capsules across Germany from 17…
Read more >Rossmann drives its omnichannel expansion with digital coupons
Rossmann is expanding faster than the market, driven by strong…
Read more >Related news
Online price monitoring may expand
In order to protect families, keep inflation low and strengthen…
Read more >Are we buying more consciously? Demand for Hungarian flavors is unabated
Kifli.hu works with hundreds of Hungarian producers to offer a…
Read more >Interest discount on green loans
The popular green home loan will be even more favorable…
Read more >