Turnover of Germany's retail enterprises down 1.6% in June 2022

Compared with June 2021, retail trade recorded an 8.8 per cent decrease in turnover in real terms in June 2022.

This was the largest year-on-year decrease since the beginning of the time series in 1994, as per Destatis.

In nominal terms, turnover was down by just 0.8 per cent. The difference between the results in real and nominal terms reflects the high price increases in retail trade, which have a noticeable adverse effect on the consumption climate.

ALCHEMPro News Desk (KD)