According to the German Federal Statistical Office to date, the German retail industry unexpectedly slowed down in September (2016). After deducting inflation, the sales amount decreased by 1.4% from the previous month, the largest since September (2014). decline. Economic experts originally expected a growth rate of 0.2%. In addition, German retail sales in August this year have also confirmed a decline of 0.3%.
Compared with the previous year, retail sales in September 2016 grew by 0.4%, and the first nine months also grew 2.1% over the same period of the previous year.
In view of the recent international uncertainties, the enthusiasm of German private consumption has continued to decline. The GfK Consumer Confidence Index also showed a decline in consumer confidence in November. In addition to the global economic slowdown, the frequent international crisis events are not conducive to the overall consumption boom.
According to statistics, the retail industry accounts for nearly 25% of German private consumption.
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