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Retail turnover in 2021 expected to be up 0.9% in real terms on 2020
According to an estimate of the Federal Statistical Office (Destatis), turnover in retail trade in Germany recorded a new record high in 2021. The real (price-adjusted) turnover in retail trade was 0.6% to 1.2% higher and the nominal (not price-adjusted) turnover was 2.8% to 3.4% higher in 2021 compared with 2020, the year with the highest turnover ever recorded. The resulting mean year-on-year rates of change were 0.9% on a real basis and 3.1% on a nominal basis. However, the results for the months of January to November 2021 indicate that parts of shop-based retail trade, such as retail trade in textiles, clothing, ... (full story)