Business
German retail sales fall more than expected in October
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(Reuters) – German retail sales fell more than expected in October, decreasing by 1.5% compared with the previous month, data showed on Friday.
(Reuters) – German retail sales fell more than expected in October, decreasing by 1.5% compared with the previous month, data showed on Friday.
Analysts polled by Reuters had predicted a 0.3% decrease.
Compared to the same month in the previous year, the retail sector recorded an increase in sales of 1.0% in real terms.
Food sales rose by 0.1% on the month, while non-food sales fell by 2.2% in October, data from the statistics office showed.
(Reporting by Elizaveta Gladun in Gdansk and Maria Martinez in Berlin)
Frequently Asked Questions about German retail sales fall more than expected in October
1What is GDP?
Gross Domestic Product (GDP) is the total value of all goods and services produced in a country over a specific time period, indicating the economic performance.
2What are food sales?
Food sales refer to the revenue generated from the sale of food products in retail settings, often reflecting consumer demand and trends in dietary preferences.
3What is consumer perception?
Consumer perception is how consumers view a brand or product, influenced by their experiences, beliefs, and marketing efforts, impacting purchasing decisions.
4What is economic growth?
Economic growth is the increase in the production of goods and services in an economy over time, typically measured by the rise in GDP.
