German retail sector sales continue upward trend despite small losses

BERLIN (Xinhua) – Retailers in Germany saw a slight drop in sales in May, according to provisional data published by the Federal Statistical Office (Destatis) yesterday.

Revenues in the German retail sector fell by 0.6 per cent in real terms and by 0.4 per cent in nominal terms in May after adjusted for inflation compared to the previous month, Destatis announced.

Nonetheless, German retailers saw better sales in May than in the same month last year, according to the figures.

Adjusted for price increases, sales in real terms were four per cent higher than in May 2018, while the nominal increase was 4.8 per cent higher.

“Sales increased but there was also an extra day of sales and if one adjusts for the extra sales day, then the figures are the same as in the previous year,” said spokesperson for the German retail association (HDE) Stefan Hertel.