The shopping bags were filled in June, so good. Source: AP
HB BERLIN. Football World Cup and heat wave have given the German retailers in June, no sales. They took a 1.1 percent less than last month, the Federal Statistics Office said on Friday. Adjusted for price fluctuations real sales fell by 0.9 percent. Analysts polled by Reuters had expected here , only with a seasonally and calendar-adjusted deficit of 0.2 percent. However, the preliminary results with caution to enjoy : Sun for May was first determined a real increase of 0.4 percent , which was subsequently revised to 3.0 up.
Compared to June 2009, the dealers had 3.8 and 3.1 percent more in real terms in the box office. However, this time also a sales day in June was one more. Moreover , sales had dropped significantly last year.
Especially good was the trade in textiles , clothing , footwear and leather goods. This 9.6 percent were implemented more than a year earlier. It is expected that mid-summer weather have helped. Sales of books and ornaments put on by 6.0 percent. With furniture , appliances and supplies 5.7 percent were taken more .
From January to June put the retail 0.5 percent more . The crisis in 2009 had completed the retailers with the strongest sales decline since the reunification : Revenue decreased by 3.1 percent. For this year, the HDE retail association expects stagnant sales.
Analyst Reactions
Klaus Schrüfer , SEB , "The retail sales statistics are the most complicated because it is most frequently changed. At first glance, the numbers have not disappointed, because we already had but subdued expectations. The hope is that we get an improvement as the year progresses . The mood among consumers has recovered. Reason is that the situation is improving labor market and this improvement will continue in the coming months. "
Andreas Rees, Unicredit : "In the second quarter we have seen a slight increase in retail sales. As has also increased the car sales, is expected , consumer spending has again contributed to growth. The consumer recession has gone to an end. One reason for this is that fear has subsided but before the unemployment significantly. I believe that private consumption will also contribute in the coming months, some for growth. But it exports as the main pillar of the economy can not succeed , especially coming in the next year by higher contributions for health insurance and unemployment insurance. "
Ralph Solveen , Commerzbank: " Private consumption happens in the moment not much. If one looks at the medium-term trend , it is clear that retail sales go sideways if you want to see it negatively , slightly downhill. The share of retail on consumer spending takes it will go down . He is the only indicator we have for the consumer . Moreover , the trend does agree in principle. This year will not happen much, and not next year. The job market keeps good, wages should not rise sharply.
Tags: football world cup, klaus schrüfer, retail sales statistics, price fluctuations, federal statistics office
