Destatis Federal Statistical Office of Germany : 2016 increase in retail turnover expected to be about 2.0% in real terms

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WIESBADEN- According to estimates of the Federal Statistical Office (Destatis), retail turnover 2016 in Germany is expected to be in real terms between 1.8% and 2.1% larger than that in 2015. In nominal terms turnover is expected to increase by between 2.4% and 2.6%.

This estimation is based on data for the first eleven months of 2016. In this period retail turnover was in real terms 1.9% and in nominal terms 2.2% larger than that in the corresponding period of the previous year.

According to provisional data turnover in retail trade in November 2016 was in real terms 3.2% and in nominal terms 4.1% larger than that in November 2015. The number of days open for sale was 26 in November 2016 and 25 in November 2015.

When adjusted for calendar and seasonal variations (Census-X-12-ARIMA), the November turnover was in real terms 1.8% and in nominal terms 1.6% smaller than that in October 2016.

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