July 2021 retail turnover in Germany down 5.1% over June figure
03 Sep '21
1 min read
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The real (price-adjusted) turnover of retail enterprises in Germany was 5.1 per cent lower in July this year than in June on a calendar and seasonally adjusted basis, according to provisional results from the Federal Statistical Office (Destatis). Due to significant price rises, the nominal decline (not price-adjusted) was only 4.5 per cent.
While comparing the month-on-month figures, it is important to note that June 2021 was a high-sales month (calendar and seasonally adjusted, in real terms: plus 4.5 per cent in May 2021) because of the then declining COVID-19 cases across Germany and the lifting of the 'federal emergency brake', Destatis said in a press note.
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