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Retail sales in October 2023 up 1.1% month-on-month
According to preliminary results from the Federal Statistical Office (Destatis), retail companies in Germany had 1.1% more real (price-adjusted) and 0.7% more nominal (not price-adjusted) sales in October 2023 than in September 2023. Compared to the same month last year In October 2022, the retail sector recorded a slight real sales decline of 0.1% and a nominal sales increase of 2.6%. The difference between the nominal and real results reflects the increased retail price level. Food retail sales fell by 1.3% in real terms and by 1.2% in nominal terms in October 2023 compared to the previous month. Compared to the ... (full story)