German Retail Sales Fall 0.4% in August

German Retail Sales Fall 0.4% in August

Germany’s retail sales fell 0.4% year-on-year in real terms in August, according to Destatis, while nominal sales increased by 2.6%. On a monthly basis, retail sales rose 1.3% in real terms. Food sales increased 0.5% year-on-year, while non-food retail sales declined 0.8%. The data presents a mixed picture of consumer spending in Germany.