Retail sales in Germany plunge – data ...News

Russia Today - Economy
Retail sales in Germany plunge – data
source : Russia Today ( News ) () 30
The sector recorded a 1.7% drop during the Christmas season alone, official statistics show German retail sales saw a sharp drop in 2023, according to preliminary data released on Wednesday by Germany’s Federal Statistical Office (Destatis). In price-adjusted terms, sales in the sector were down 3.3% from 2022 and 3.9% from 2021, a year in which retail revenues surged. Particularly hard hit was the food sector, where sales fell by 3.9% compared to the previous year. Real non-food retail sales were down 3.1%, marking the first time they have declined since 2013. Sales generated by online and mail-order retailers, w

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