German retail prices on strongest decline since 2007


Retail sales in Germany shrunk sharply in December. According to figures from the German Federal Statistical Office, retail sales declined by 3.3 percent on a monthly basis, after an adjusted increase of 1.6 percent in November.

It is the strongest decrease since mid-2007. Sales of food, drink and tobacco products decreased. Economists generally expected a decrease of 0.5 percent. On an annual basis, store sales in Europe’s largest economy climbed by 0.8 percent in December, following an increase of 2.8 percent a month earlier.

Over the whole of 2019, German store sales increased by 2.7 percent compared to 2018.

By: Maurice Eisma

Maurice Esma, a co-founder of EconomicInform is a freelance journalist with the expertise in international finance and corporate rights. The author can be reached by email

Add comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

By Leah Kunze

Recent Posts


About us

EconomicInform, is a product of EconomicInform LLC. We sincerely believe that economics is one of the most interesting and most underappreciated – in terms of getting some enjoyment out of reading the subject articles – sciences. More on that - at the link. Feel free to drop us a line.