A significant increase in retail sales
In October 2023, retail sales in Germany registered an annual growth of 3.6%, a figure that marks a marked improvement compared to +1.4% in the previous month. This increase was further revised, from an initial +0.9%. These results are encouraging and suggest a recovery in consumption, essential for the country’s economic growth
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Market expectations
The market expects continued growth, with forecasts that indicate an increase of 3.3% for the coming months. This optimism is fueled by several factors, including increased consumer confidence and improved overall economic conditions. However, it’s important to consider that retail sales are influenced by multiple variables, including inflation and monetary policies
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Monthly analysis and future prospects
Despite the annual growth, the monthly figure showed a contraction of 1.5% compared to the previous month, which had registered an increase of +1.6%. This decline was higher than expected, with a Bloomberg consensus predicting a smaller decrease of -0.5%. It is essential to monitor these monthly trends, as they can provide valuable information on market stability and the consumption habits of German citizens
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