Germany's real sales drop for a second year


  • World
  • Saturday, 06 Jan 2024

BERLIN, Jan. 5 (Xinhua) -- Real sales in Germany's retail sector fell for the second year in a row, down 3.1 percent in 2023, according to an estimate published by the Federal Statistical Office (Destatis) on Friday.

"As expected, 2023 was not an easy year for many retailers," a spokesperson of the German Retail Federation (HDE) told Xinhua on Friday, adding that the Russia-Ukraine conflict and high inflation were "still having a clear impact on consumer sentiment."

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