After the drop in sales as a result of the Covid 19 pandemic, the trade in textiles, clothing, shoes and leather goods in Germany is on the road to recovery. As reported by the Federal Statistical Office (Destatis) on Thursday, citing preliminary figures, sales in this product segment rose by 59.8 percent in May compared to the same month last year, price-adjusted. “Thus, sales were only 1.1 percent below the pre-crisis level of May 2019,” said the Wiesbaden authority in a statement. Compared to the previous month of April, the corresponding revenues rose by 10.6 percent.
According to the available figures, the total turnover of the German retail trade in May was nominally 4.1 percent above the level of the same month last year after calendar and seasonal adjustment. In real terms – i.e. adjusted for the effects of price developments – however, it fell by 3.6 percent. “The difference between the nominal and real results reflects the high price increases in retail,” said the Federal Office. Compared to April, retail sales grew by 0.6 percent in real terms and by 2.0 percent in nominal terms.
