German real retail turnover drops 2.4% MoM in March 2023

Compared with March 2022, the retail trade recorded an 8.6 per cent decrease in turnover in real terms and a nominal decline of 0.2 per cent. The difference between the results in real and nominal terms reflects the significant price increases in retail trade, the Federal Statistical Office (Destatis) said in a press release.

Compared with March 2019, the corresponding month before the COVID-19 pandemic, retail turnover in real terms decreased by 1.3 per cent in March 2023.

ALCHEMPro News Desk (NB)