Germany's retail turnover 4.1% above pre-pandemic level

By Ovunc Kutlu

ANKARA (AA) - Germany's retail turnover rose in January this year and it is now 4.1% above its pre-pandemic level, according to the Federal Statistical Office on Monday.

Turnover of retail enterprises in the country was 2% higher in real terms and 3% higher in nominal terms in January, compared with December 2021, Destatis said in a statement.

"With increases of 10.3% in real terms and 14.2% in nominal terms, retail turnover was much higher in January 2022 than in January 2021," it said.

"After calendar and seasonal adjustment, retail turnover in real terms was up by 4.1% in January 2022 on the pre-crisis month of February 2020," it added.