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Retail turnover in Germany down 5.4% MoM in April 2022
01 Jun '22
1 min read
Pic: Sorbis / Shutterstock.com
The real (price-adjusted) turnover of retail enterprises in Germany was 5.4 per cent and the nominal (not price-adjusted) turnover was 4.7 per cent lower, on a calendar and seasonally adjusted basis, in April 2022 compared with March 2022, according to provisional results of the Federal Statistical Office (Destatis).
Thus, real turnover reached the lowest level since February 2021.
Compared with April 2021, retail trade in April 2022 recorded a 0.4 per cent decrease in turnover in real terms and a nominal increase of 6.2 per cent. The difference between the results in real and nominal terms reflects the high price increases in retail trade, as per Destatis.
Fibre2Fashion News Desk (KD)
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