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- German retail sales rose less than expected in August
German retail sales rose less than expected in August
According to provisional data from Destatis, turnover in retail trade in August 2019 was in real terms 3.2% and in nominal terms 3.8% larger than in August 2018. Economists had expected a 3.3% increase in real terms. The number of days open for sale was 27 in August 2019 and in August 2018.
Retail trade in food, beverages and tobacco grew by 1.7% in real terms and 3.1% in nominal terms in August 2019 compared with August 2018, with sales in supermarkets, hypermarkets and consumer markets up by 2.1% in real terms and 3.4% in nominal terms over the same month of the previous year. In real terms, food retailing was 1.2% less than in August 2018 and 1.0% more in nominal terms.
In the retail trade of non-food products, sales rose by 4.1% in real terms and by 4.4% in nominal terms in August 2019 compared with the same month of the previous year. Internet and mail order trading recorded the largest increase in sales, with 5.9% in real terms and 5.8% in nominal terms.
Compared with the previous year, turnover in retail trade was in the first eight months of 2019 in real terms 3.0% and in nominal terms 3.7% higher than in the corresponding period of the previous year.
When adjusted for calendar and seasonal variations, the August turnover was in real terms 0.5% and in nominal terms 0.3% higher than in July 2019. Economists had expected a 0.6% increase in real terms.
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