Financial TimesFinancial Times

German retail sales fall by largest rate on record

By Valentina Romei

01 Aug 2022 · 2 min read

Editor's Note

A record 8.8% drop in retail sales volume in Germany shows scale of the economic challenges facing Europe's largest economy.

Decline highlights scale of challenge facing eurozone’s largest economyGerman retail sales fell at the largest annual rate since records began in 1994, highlighting the scale of the economic challenges facing the eurozone’s largest economy.

Retail sales volumes dropped 8.8 per cent in June compared with the same month last year, data from Destatis, the German office for national statistics, showed on Monday.

Sign in to informed

  • Curated articles from premium publishers, ad-free
  • Concise Daily Briefs with quick-read summaries
  • Read, listen, save for later, or enjoy offline
  • Enjoy personalized content