German retail turnover in Oct 2021 down by 0.3% over Sept

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.

Fibre2Fashion News Desk (DS)