German retail turnover in 2021 expected to be up by 0.9% over 2020
06 Jan 22 1 min read
Turnover in Germany’s retail trade witnessed a record high in 2021, according to an estimate of the Federal Statistical Office (Destatis). The real (price-adjusted) turnover in retail trade was 0.6-1.2 per cent higher and the nominal (not price-adjusted) turnover was 2.8-3.4 per cent higher in 2021 compared with 2020, the year with the highest turnover ever recorded.
The resulting mean year-on-year rates of change were 0.9 per cent on a real basis and 3.1 per cent on a nominal basis.
However, the results for the months of January to November 2021 indicate that parts of shop-based retail trade, such as retail trade in textiles, clothing, footwear and leather products, suffered losses in turnover in the second year of the coronavirus crisis as well, according to an official release.
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Fibre2Fashion News Desk (DS)
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