We inform you that on this website we use our own and third-party cookies to collect information about its use, improve our services and, where appropriate, display advertising by analyzing your browsing habits. You can expressly accept its use by pressing the "ACCEPT" button or configure and select the cookies you want to accept or reject in the settings. You can also get more information about our cookie policy here.

The global fashion business journal

Jun 24, 202411:33am

Retail in Germany grows 3.4% in September as it heads closer to recession

In inter-monthly terms, the increase was only 0.1%. Consumer confidence is at a its minimum of three years, according to a Gfk study.

Nov 1, 2019 — 5:01pm

Retail in Germany grows 3.4% in September as it heads closer to recession



Retail grows below what is expected in Germany. In September, retail sales in the largest European power grew 3.4%, according to provisional data from the Federal Statistical Office. August figures marks an increase of 3.1%.


In inter-monthly terms, sales in Germany rebounded 0.1%, after the decrease of 0.1% in August. Germany’s annual export growth to slow down to 0.3% this year from 2.1% in 2018, adding that exports are likely to shrink by 0.5% next year. 


Last week, a Gfk report revealed that the country’s consumer confidence is at a its minimum in three years, given forecasts that the country would have entered a recession in the third quarter of the year. 


The Germany economy shrank 0.1% in the second quarter, and third-quarter output figures next month are expected to show another fall, putting the country in recession. Data from the Federal Labour Office showed the number of people out of work increased by 6,000 to 2.287 million in seasonally adjusted terms. 

Participation rules



Validation policy for comments: 

MDS does not perform prior verification for the publication of comments. However, to prevent anonymous comments from affecting the rights of third parties without the ability to reply, all comments require a valid email address, which won’t be visible or shared.
Enter your name and email address to be able to comment on this news: once you click on the link you will find within your verification email, your comment will be published.

0 comments — Be the first to comment