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Turnover of Germany’s retail enterprises down 1.6% in June 2022 & More Breaking News

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The real (price-adjusted) turnover of retail enterprises in Germany was 1.6 per cent and the nominal (not price-adjusted) turnover was 0.5 per cent lower, on a calendar and seasonally adjusted basis, in June 2022 compared with May 2022, according to provisional results of the Federal Statistical Office (Destatis).

Compared with June 2021, retail trade recorded an 8.8 per cent decrease in turnover in real terms in June 2022.

This was the largest year-on-year decrease since the beginning of the time series in 1994, as per Destatis.

The real (price-adjusted) turnover of retail enterprises in Germany was 1.6 per cent and the nominal (not price-adjusted) turnover was 0.5 per cent lower, on a calendar and seasonally adjusted basis, in June 2022 compared with May, as per Destatis. Compared with June 2021, retail trade recorded an 8.8 per cent decrease in turnover in real terms in June 2022.

In nominal terms, turnover was down by just 0.8 per cent. The difference between the results in real and nominal terms reflects the high price increases in retail trade, which have a noticeable adverse effect on the consumption climate.

Fibre2Fashion News Desk (KD)

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