Economic Buzz: Germanys Retail Turnover At 0.9% In September

31 Oct 2022 , 03:25 PM

According to provisional results of the Federal Statistical Office (Destatis), the real (price-adjusted) turnover of retail enterprises in Germany was 0.9% and the nominal (not price-adjusted) turnover was 1.8% higher in September 2022 than in August 2022, on a calendar and seasonally adjusted basis. Compared with September 2021, retail trade recorded a 0.9% decrease in turnover in real terms and a nominal increase of 9.9% in September 2022. The difference between the results in real and nominal terms reflects the high price increases in retail trade. Compared with the all-year high of March 2022, retail turnover declined by 3.8% but was up by 3.2% from the pre-pandemic month of September 2019.Powered by Commodity Insights