Germany's retail trade turnover down 6.9% YoY in Jan 2023: Destatis

The real (price-adjusted) turnover of all retail enterprises in Germany declined by 0.3 per cent and the nominal (not price-adjusted) turnover dropped by 0.7 per cent, on a calendar and seasonally adjusted basis, in January 2023 on a month-on-month (MoM) basis, Destatis said in a press release.

In December 2022, the country’s real retail turnover decreased by 5.3 per cent MoM. In nominal terms, turnover was down by 4.8 per cent MoM in December 2022. Furthermore, on a YoY basis, retail turnover in December 2022 decreased by 6.4 per cent in real terms and increased by 4.2 per cent in nominal terms.

ALCHEMPro News Desk (NB)