German Clothing Sales Growth Trend

2010/11/22 8:47:00 48

According to reports, in view of the current favorable employment situation and the declining unemployment rate in Germany, German business associations have expressed confidence in the market outlook for next year or even the following year.

Although the government's reduction in unemployment benefits affects some people's consumption, general wage increases and full employment will boost overall consumption sentiment.

The German retail association (HDE) chairman welcomed this year.

Germany

Retail sales will grow by nearly 2%. Next year, the German retail market will continue its current active atmosphere, growing at least over 1%.

German economy

Graduate School

(IW) the chairman also believes that the labour market situation is a decisive factor affecting private consumption.

By 2012, unemployment will continue to decrease in Germany, creating an excellent condition for the development of the retail industry.

The deputy director general of the German textile Retailers Association (BTE) said that sales of footwear and clothing in Germany increased by more than 4% in the first half of October this year, and this remarkable growth has not been seen in Germany for a long time.

Online shopping

It also continues to maintain growth in the retail sector. Chairman HDE believes that Internet sales will continue to grow at a rate of two digits in the next few years.