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- German retail sales rose more than expected in November
German retail sales rose more than expected in November
According to estimates of the Federal Statistical Office (Destatis), retail turnover 2017 in Germany is expected to be between 2.7% and 3.1% higher in real terms than in 2016. In nominal terms turnover is expected to increase by between 4.5% to 4.9%.
This estimation is based on data for the first eleven months of 2017. In this period retail turnover showed an increase by 2.7% in real terms and 4.6% in nominal terms compared with the corresponding period of the previous year.
According to provisional data, turnover in retail trade in November 2017 increased 4.4% in real terms and 6.2% in nominal terms from November 2016. The number of days open for sale was 26 both in November 2017 and November 2016.
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