Subscribe Login
DE4CC0DE-5FC3-4494-BCBF-4D50B00366B5
Retail

German Retail Sales Rise Less Than Expected In September

By Steve Wynne-Jones
Share this article

German retail sales rose slightly in September, data showed on Thursday, suggesting that private consumption was losing steam in Europe's largest economy.

Retail sales were up by 0.1% on the month in real terms after a revised 0.1% drop the previous month, data from the Federal Statistics Office showed.

On the year, retail sales rose by 3.4% in September after a revised 3.1% rise in August, the data showed. Retail sales are a volatile indicator often subject to revision.

Consumer Mood

The retail data comes after a survey published last week showed that the mood among German consumers sank to its lowest in three years, dragged by shopper's employment concerns.

Germany is expected to dip into recession in the third quarter.

News by Reuters, edited by ESM. Click subscribe to sign up to ESM: European Supermarket Magazine.

Stay Connected With Our Weekly Newsletter

Processing your request...

Thanks! please check your email to confirm your subscription.

By signing up you are agreeing to our Terms & Conditions and Privacy Policy
Enjoy unlimited digital access for 30 days
Get exclusive access to the latest grocery retail & FMCG news, interviews with industry leading executives, and expert analysis on the trends shaping the sector today
Enjoy unlimited digital access for 30 days
Enjoy unlimited digital access for 30 days
Get exclusive access to the latest grocery retail & FMCG news, interviews with industry leading executives, and expert analysis on the trends shaping the sector today
Enjoy unlimited digital access for 30 days

Copyright © 2023. All rights reserved. Developed by Square1 and powered by PublisherPlus.com