Germany November retail sales +1.1% vs +1.0% m/m expected

  • Latest data released by Destatis - 6 January 2023
  • Prior -2.8%

German retail sales improved in November with real retail turnover (price-adjusted) being just 0.3% lower in 2022 than in 2021. That at least provides some comfort amid the touted softening demand and consumption activity, as the energy crunch and high inflation taking a toll on households.

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