German retail sales unexpectedly fall in January
Turnover of retail enterprises drops by 0.3% from month earlier, provisional data shows
By Tuba Sahin
ANKARA (AA) - Germany's retail sales unexpectedly decreased in January as the market had estimated a growth, according to provisional data released by German Federal Statistical Office on Wednesday.
The real (price-adjusted) turnover of retail enterprises in Germany fell 0.6% from a month earlier, following a 5.3% decline in December 2022, Destatis data showed.
Non-food sales decreased by 0.8%, while food sales hiked by 3.1% in the same period.
On an annual basis, the retail trade turnover in real terms slumped by 6.9% in January.
Compared to the pre-pandemic period of January 2020, retail turnover decreased by 0.6% this January.
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