Market news
02.06.2021, 06:21

German retail sales fell sharply in April

According to provisional results of the Federal Statistical Office (Destatis), the real (price-adjusted) turnover of all retail enterprises in Germany was 5.5% lower and the nominal (not price-adjusted) turnover was 5.4% lower, on a calendar and seasonally adjusted basis, in April 2021 than in March 2021. The federal emergency brake in the second half of April and the Easter business in March 2021 are very likely to have been the main reasons for this development. In March 2021, a strong month-on-month increase in turnover (a calendar and seasonally adjusted real +7.7% and nominal +7.6%) had been recorded.

Compared to the pre - crisis month of February 2020, sales in April 2021 were 0.8% lower in real terms on a calendar and seasonally adjusted basis. Compared to April 2020, retail sales increased by 4.4% in real terms and 5.8% in nominal terms in April 2021.

In April 2021, the retail trade in food, beverages and tobacco decreased by 3.4% in real terms and by 1.6% in nominal terms compared to April 2020. 

There were significant increases in the retail trade with non-food products. Sales in April 2021 were 10.6% higher in real terms and 11.3% higher in nominal terms than in the same month of the previous year. 

The Internet and mail order business recorded an increase in sales of 13.1% in real terms and 13.0% in nominal terms compared to the same month of the previous year.

© 2000-2024. All rights reserved.

This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

The information on this website is for informational purposes only and does not constitute any investment advice.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

AML Website Summary

Risk Disclosure

Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.

Privacy Policy

Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.

Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.

Bank
transfers
Feedback
Live Chat E-mail
Up
Choose your language / location