Consumer enthusiasm gave Germany's retailers a higher turnover in 2019 for the 10th consecutive year, according to an initial estimate released by the Federal Statistical Office on Monday.
Turnover is expected to have increased on 2018 by around 2.9 per cent in real terms and around 3.4 per cent in nominal terms, the office said based on data until the end of November.
The retail sector had lost momentum in October, but Germany's consumers were back in a spending mood by the time Christmas sales got under way. In November, turnover provisionally rose 2.8 per cent in real terms and 3.1 per cent in nominal terms, the office said.
Private consumption has in recent months been one of the most reliable pillars of the German economy.
The historically strong labour market and a trend of rising incomes have spurred an inclination to invest. Savings are also barely generating any interest.
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A single purchase
