In the German retail sector, business was somewhat better again in September. Compared to August, price-adjusted sales increased by 0.9 percent, as reported by the Federal Statistical Office on Monday. Including the price increases, retailers had 1.8 percent more in their tills.
Compared to the same month last year, real business fell slightly by 0.9 percent, but with the strong price increases, trade recorded growth of 9.9 percent over the year. In the retail trade with textiles, clothing and shoes, sales were even 11.8 percent higher than in September 2021.
Presumably because of the high prices, consumers held back in the grocery stores. After the weakest real turnover since 2017 was measured in August, there was a catch-up movement in September with an increase of 2.6 percent. Compared to the same month last year, however, real sales were 2.4 percent lower. (dpa)
