Germany’s retail trade turnover experienced a real annual decline of 2.3% in September, according to a report released Monday by Destatis, the nation’s statistical office. Conversely, turnover in nominal terms registered an expansion of 1.2%.
Germany’s retail sales experienced a decline of 2% in real terms and 1.5% in nominal terms when compared to the prior month.
Annual retail sales of food products registered a decline of 1.1% in real terms and 0.5% in nominal terms. Monthly, food product sales decreased by 1.4% and 1.1%, respectively. Non-food retail trade experienced an annual contraction of 2.8% in real terms, alongside a 1.7% increase in nominal terms. On a monthly basis, non-food retail trade recorded a decrease of 2.4% and 1.9% in real and nominal terms.