Retail in Germany has started the year with better business. In January, sales rose by 0.2 percent in the month comparison, as the Federal Statistical Office announced in Wiesbaden on Friday. Analyst: On average, an average of 0.5 percent had expected a slightly stronger increase.
Thomas Gitzel, chief economist of VP Bank, referred to the significant sales dampers in the previous month. In December, which is traditionally one of the most in sales months of the year in retail, the proceeds had dropped. So there was still a clear minus in the two -month show, said Gitzel.
According to Gitzel, German retail is in the area of tension between increased real income and a clouding of the labor market this year. The expert pointed out that real wages rose by 3.1 percent last year. “Basically, this is a good requirement for consumption in 2025,” said VP Bank expert.