Compared with August last year, retail trade recorded a 4.3 per cent decrease in turnover in real terms and a nominal increase of 5.4 per cent in August this year.

The real price-adjusted turnover of retail enterprises in Germany was 1.3 per cent lower in August this year and the nominal (not price-adjusted) turnover was 0.1 per cent higher in the month on a calendar- and seasonally-adjusted basis compared to July, according to provisional results of the Federal Statistical Office (Destatis) released recently.

The difference between the results in real and nominal terms reflects the high price increases in retail trade.

Fibre2Fashion News Desk (DS)