Germany's real retail turnover down 0.6% YoY in 2022: Destatis

In the first half of 2022, Germany’s real retail turnover increased by 3.1 per cent compared to the first half of 2021, whereas it was markedly down (4.1 per cent) year-on-year (YoY) in the second half of 2022.

German retail trade enterprises had generated a record turnover in 2021, as per Destatis.

In December 2022, the country’s real retail turnover decreased by 5.3 per cent month-on-month (MoM). In nominal terms, turnover was down by 4.8 per cent MoM in December 2022. Furthermore, on a YoY basis, retail turnover in December 2022 decreased by 6.4 per cent in real terms and increased by 4.2 per cent in nominal terms.

Fibre2Fashion News Desk (DP)