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retail sales rise but consumer confidence remains fragile amid economic concerns

German retailers reported a 2.5% increase in turnover for 2023, marking the first growth after two years of decline, though real sales only rose by 1.1%. Despite this, consumer sentiment remains low due to economic uncertainties and rising inflation, with a notable shift towards online shopping impacting traditional retail.
capital.de
Euro VP Bank AG DEU M A de la Rubia Thomas Gitzel Show more
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12:00 02.02.2025
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