Retail turnover in real terms was up by 3.5 per cent on the pre-crisis month of February 2020. Compared with October 2020, turnover declined by 2.9 per cent on a real basis and by 0.4 per cent in nominal terms.
The delivery bottlenecks in retail trade that were reported several times might have been a reason for this decline in turnover, Destatis said.
Retail turnover also forms part of the ‘Crisis Monitor'; using which the office compares the development of major short-term indicators in the COVID-19 crisis and the financial and economic crisis of 2008-09.
ALCHEMPro News Desk (DS)
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