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US News Germany: greater decrease in retail sales over a year since 1994

11:40  01 august  2022
11:40  01 august  2022 Source:   lefigaro.fr

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Germany-Economy-Ventes-au-d-Tail: Germany: higher drop in retail sales over a year since 1994

ALLEMAGNE: PLUS FORTE BAISSE DES VENTES AU DÉTAIL SUR UN AN DEPUIS 1994 © Reuters/Wolfgang RATTAY Germany: Strong drop in retail sales over a year since 1994

Berlin (Reuters) - German retail sales experienced their highest decrease in almost three decades in June, penalized by inflation, war In Ukraine and the coronavirus pandemic, according to data published Monday.

Retail sales in June decreased by 8.8% in real terms compared to the same month of last year, the strongest decrease since the start of the chronological series in 1994, said the Federal Office of the statistical.

The analysts interviewed by Reuters had a drop of 8.0%.

Retail sales have also decreased unexpectedly compared to the previous month, with a decrease of 1.6% in real terms, while the analysts interviewed by Reuters provided for an increase of 0.2%.

Sales of food products in particular experienced a 1.6% drop in real terms compared to the previous month, linked to the rise in prices in stores and an increase in sales in restaurants, according to the Federal Office statistics.

(Miranda Murray report; French version Alizée Degorce, edited by Kate Entringer)

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The Federal Network Agency has asked consumers to make more efforts when saving energy so that Germany comes through the winter even in times of scarce natural gas. © Mohssen AssanoMoghaddam/dpa Federal Network Agency boss Klaus Müller warns: Even more energy has to be saved. has been 14 percent lower than in the previous year, said the President of the Federal Network Agency, Klaus Müller, the German Press Agency. "But I have to come towards 20 percent, there has to be a shovel on it." He poin

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This is interesting!