According to preliminary results from the Federal Statistical Office (Destatis), retail companies in Germany had 1.2% less real (price-adjusted) and 0.8% less nominal (not price-adjusted) sales in August 2023 than in July 2023. Compared to In August 2022, the same month last year, the retail sector recorded a real sales decline of 2.3% and a nominal sales increase of 2.3%. The difference between the nominal and real results reflects the increased retail price level. {chart} Food retail sales fell by 1.2% in real terms and by 0.9% in nominal terms in August 2023 compared to the previous month. Compared to the low in ... (full story)