Germany's retail turnover up 1.9% MoM in July 2022

Compared with July 2021, retail trade recorded a 2.6 per cent decrease in turnover in real terms and a nominal increase of 6.1 per cent in July 2022.

In clothing and footwear, consumer price index registered a change of 0.8 per cent in July 2022 compared to the previous year and -2.7 per cent compared to June 2022, according to Destatis.

The difference between the results in real and nominal terms reflects the high price increases in retail trade.

ALCHEMPro News Desk (KD)