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Germany's retail turnover up 1.9% MoM in July 2022
03 Sep '22
1 min read
Pic: Sorbis / Shutterstock.com
The real (price-adjusted) turnover of retail enterprises in Germany was 1.9 per cent and the nominal (not price-adjusted) turnover was 2.4 per cent higher in July 2022, on a calendar and seasonally adjusted basis, than in June 2022, according to provisional results of the Federal Statistical Office (Destatis).
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.
Fibre2Fashion News Desk (KD)
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