
Double Feature at the Orangerie
Section: Arts
The retail industry in Germany has reported a solid performance at the start of the new year, with sales figures showing an increase. However, the growth was not as robust as analysts had anticipated.
According to preliminary data from the Federal Statistical Office, retail revenues in January exceeded those of December by 0.2% when adjusted for inflation, and showed a year-on-year increase of 2.9%. Despite these positive indicators, the monthly growth fell short of economists' expectations. Thomas Gitzel, chief economist at VP Bank, highlighted concerns regarding job security that could impact retail sales throughout the year, suggesting that a significant recovery in private consumption may not be likely.
The German Retail Association (HDE) has forecasted a nominal increase in retail sales this year, anticipating a 2% growth, equating to a total of EUR677 billion. In January, retail sales figures were reported to be 0.1% higher than in December and 3.8% greater than in January 2024.
This data reflects a cautious optimism within the retail sector, although the potential for job losses remains a significant concern that could influence consumer spending patterns in the coming months.
Section: Arts
Section: Fashion
Section: Arts
Section: Business
Section: News
Section: Business
Section: Arts
Section: Arts
Section: News
Section: Arts
Health Insurance in Germany is compulsory and sometimes complicated, not to mention expensive. As an expat, you are required to navigate this landscape within weeks of arriving, so check our FAQ on PKV. For our guide on resources and access to agents who can give you a competitive quote, try our PKV Cost comparison tool.
Germany is famous for its medical expertise and extensive number of hospitals and clinics. See this comprehensive directory of hospitals and clinics across the country, complete with links to their websites, addresses, contact info, and specializations/services.
After eight years, Matze Hielscher, the host of the Hotel Matze podcast, reflects on an extensive guest list that spans the German media landscape. In over 300 conversations, he has engaged with personalities from journalism, science, politics, philosophy, sports, art, and music. Notable guests have...
No comments yet. Be the first to comment!