Retail turnover in December 2020: 9.6% in real terms lower than the previous month

According to provisional data of the Federal Statistical Office (Destatis), turnover in retail trade in December 2020 was in real terms 9.6% and in nominal terms 9.3% lower than in November 2020 (both adjusted for calendar and seasonal influences). These results can be explained by the second COVID-19 lockdown, which led to a partial retail closure starting on the 16 December 2020.In December 2020, the turnover in retail trade was in real terms 1.5% and in nominal terms 2.6% larger than in December 2019. The number of days open for sale was 25 in December 2020, whereas only 24 days were open for sale in December … (full story)

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