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- German retail sales growth accelerated sharply in November
German retail sales growth accelerated sharply in November
According to estimates of the Federal Statistical Office (Destatis), retail turnover 2019 in Germany is expected to be between 2.8% and 3.0% higher in real terms than in 2018. In nominal terms turnover growth is expected between 3.3% and 3.5%. This estimation is based on data for the first eleven months of 2019. According to provisional data, turnover in retail trade in November 2019 increased 2.8% in real terms and 3.1% in nominal terms from November 2018. Economists had expected a 0.9% increase in real terms. The number of days open for sale was 26 both in November 2019 and November 2018.
Compared with the previous year, turnover in retail trade was in the first eleven months of 2019 in real terms 2.9% and in nominal terms 3.5% higher than in the corresponding period of the previous year.
When adjusted for calendar and seasonal variations, the November turnover was in real and nominal terms 2.1% higher than in October 2019. Economists had expected a 1.1% increase.
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