By
Reuters
Printed
January 31, 2025
German retail gross sales rose in 2024, however progress must be extra modest this yr as a result of excessive degree of uncertainty, in keeping with retail affiliation HDE.
Final yr, retail gross sales rose 1.1% in comparison with the earlier yr in inflation-adjusted phrases, official information confirmed on Friday. The HDE forecasts 0.5% progress in actual phrases this yr.
“Consumption and the retail sector in Germany will not really gain momentum in 2025 either,” stated HDE managing director Stefan Genth.”There is simply too much uncertainty,” he stated. “Wars, high energy costs and overall economic stagnation are a toxic cocktail for consumption.”
In nominal phrases, retail gross sales rose by 2.5% in 2024 and are anticipated to develop by 2.0% in 2025, in keeping with HDE’s forecast.
The most recent HDE survey with 700 retailers reveals that 22% of respondents anticipate gross sales to extend this yr, whereas nearly half of them anticipate outcomes to be beneath the earlier yr’s degree.
In December, retail gross sales fell by 1.6% in contrast with the earlier month, official information confirmed. Analysts had predicted a 0.2% enhance.
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