German retail sales unexpectedly fell sharply in October
Retail sales in Germany fell much more than expected in October, according to Thursday’s report by the German Federal Statistical Office, Destatis.
In October, with calendar, seasonal and price adjustments, retail businesses in Germany had 2.8 percent less turnover than the previous month. In September, the monthly increase was 1.2 percent, and for October, the market expected a smaller than actual decrease of 0.6 percent.
Compared to the same month of the previous year, October 2021, the turnover of the retail sector decreased by 5.0 percent in real terms instead of the expected 2.8 percent annual decrease. In September, retail sales in Germany decreased by 0.9 percent on an annual basis.
Nominally, i.e. without price adjustment, in October retail sales decreased by 1.7 percent compared to the previous month, and on an annual basis it increased by 6.2 percent. The difference between nominal and real values reflects the large price increase in the retail sector.
MTI
Related news
Müller expands use of AI for shelf placement and pricing
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >NGM: purchasing power is increasing, retail trade is expanding – family tax cuts and food vouchers for pensioners are further strengthening turnover
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >K&H Analyst Commentary: There is still room for expansion in Hungarian stores
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >Related news
The battle of digital shelves
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >Metro opens new logistics centre near Bucharest
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >Müller expands use of AI for shelf placement and pricing
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >