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Retail sales in September 2023 down 0.8% month-on-month
According to preliminary results from the Federal Statistical Office (Destatis), retail companies in Germany had 0.8% less real (price-adjusted) and nominal (not price-adjusted) sales in September 2023 than in August 2023. Compared to In September 2022, the same month last year, the retail sector recorded a decline in sales of 4.3% in real terms and 0.6% in nominal terms. The difference between the nominal and real results reflects the increased retail price level. Food retail sales increased by 2.2% in real terms and by 2.6% in nominal terms in September 2023 compared to the previous month. Compared to the low in ... (full story)