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home / news releases / EWG - Germany retail sales continue to fall to 2.4% in March


EWG - Germany retail sales continue to fall to 2.4% in March

2023-05-02 02:36:25 ET

  • Retail sales in Germany unexpectedly contracted 2.4% month-over-month in March of 2023, following a downwardly revised 0.3% decline in February and compared to market forecasts of a 0.4% rise.

  • It marks a fourth consecutive month of falling retail sales, as high prices weigh on consumers' affordability.

  • Sales of food went down 1.1% and non-food 2.3%. At the same time, online and mail order retailing fell by 4.8%.

  • Year-on-year, retail sales sank 8.6%, with sales of food plunging 10.3%, the biggest drop since 1994.

  • Considering the first quarter of the year, retail sales declined 5.4%.

  • ETFs: EWG , DAX , GF , DXGE , HEWG , DBGR , EWGS , FGM , FLGR .

For further details see:

Germany retail sales continue to fall to 2.4% in March
Stock Information

Company Name: iShares MSCI Germany Index Fund
Stock Symbol: EWG
Market: NYSE

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