Mumbai, Nov. 2 -- Retail trade turnover in Germany observed an annual drop of 2.3% in real terms in September, the country's statistical office Destatis revealed in its report published on Monday. On the other hand, in nominal terms, the figure increased by 1.2%.
Compared to the previous month, Germany's retail sales slumped by 2% in real terms and 1.5% in nominal terms.
On an annual basis, retail sales of food products decreased by 1.1% in real terms and 0.5% in nominal terms. On a monthly basis, they declined by 1.4% and 1.1%, respectively. Non-food retail trade saw an annual fall of 2.8% in real terms and an increase of 1.7% in nominal terms. Monthly, they dropped by 2.4% and 1.9% in real and nominal terms.
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