Turnover of Germany's retail enterprises down 1.6% in June 2022
02 Aug 22 1 min read
Compared with June 2021, retail trade recorded an 8.8 per cent decrease in turnover in real terms in June 2022.
This was the largest year-on-year decrease since the beginning of the time series in 1994, as per Destatis.
In nominal terms, turnover was down by just 0.8 per cent. The difference between the results in real and nominal terms reflects the high price increases in retail trade, which have a noticeable adverse effect on the consumption climate.
Related News
- German manufacturing orders decline in March 2024
- Eurozone labour productivity risks amid economic shocks: Fitch report
- Revenue of American firm Allbirds’ at $39.3 mn in Q1 FY24
- US’ a.k.a. Brands’ sales drop 3.0% to $116.8 mn in Q1 FY24
- US garment prices surge in March to highest in over a year: Cotton Inc
- OECD’s inflation holds steady at 5.8% in March 2024
Fibre2Fashion News Desk (KD)
Popular News
|
CITI YEG’s event explores key textile & apparel industry trends |
|
UK invites new options for transporting carbon dioxide sans pipelines |
|
Cotton yarn prices decline in south India, uncertainty prevails |
|
Euro area seasonally-adjusted Mar unemployment rate 6.5%; 6% for EU |
|
Bangladesh business leaders meet to discuss RMG sector challenges |
|
ICE cotton faces heavy selling; prices drop despite positive factors |