Retail sales slip but footwear edges higher
According to provisional results released by Germany’s Federal Statistical Office, when adjusted for calendar and seasonal variations retail turnover slipped 2.9% in nominal terms and 3.3% in real terms in October compared with September and by 0.8% in real terms and 1.6% in real terms in the first ten months. However, despite this overall negative trend certain sectors, including footwear and leather goods, managed to post improvements.