EconomyGermans buy less

Germans buy less

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Shopping girl. Archive photo

Retailers in Germany reported a 1.3% drop in sales in August compared to July

BERLIN, 7 October – RIA Novosti. Retailers in Germany feel retail turnover dwindling after Friday’s release Press release The country’s Federal Bureau of Statistics (Destatis).

Sales were down 1.3% in August from July, according to data from a retailer survey by Destatis. Compared to August last year, the decrease was 4.3%.

Retail sales of food products decreased by 1.7% compared to July and by 3.1% compared to the previous year. According to Destatis, this is the lowest level of sales since January 2017.

According to the agency, the decline is also observed in the internet segment, where sales fell by 7% month-on-month and 7.1% year-on-year in August.

Source: Ria

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