Germany March retail sales -0.1% vs +0.3% m/m expected


  • Newest information launched by Destatis – 2 Might 2022

Justin Low

Monday, 02/05/2022 | 05:58 GMT-0

02/05/2022 | 05:58 GMT-0

  • Prior +0.3%
  • Retail gross sales -2.7% y/y
  • Prior +7.0%

Retail turnover in Germany slumped final month, lacking on estimates as the upper  inflation  and value pressures are seemingly elements accountable right here. Trying on the particulars, retail gross sales fell in actual phrases on the month however have been truly a bit over 2% increased in nominal phrases. As steered by the German stats workplace, this factors to a major distinction within the high price increases in retail trade as in comparison with the identical interval final 12 months.

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