Economic Buzz: Germany Retail Sales Fall In April

1 Jun 2022 , 01:55 PM

Germany retail turnover declined more than expected in April due to a record fall in food sales, data released by Destatis showed. Retail turnover decreased 5.4 percent on a monthly basis in April, reversing a 0.9 percent rise in March. Turnover reached the lowest level since February 2021. Year-on-year, retail sales dropped by real 0.4 percent, confounding expectations for an increase of 4.0 percent. Sales were up 6.2 percent in nominal terms.Powered by Commodity Insights