Germany's retailers uphold 2019 sales growth forecast of 2%

Credit: REUTERS/FABRIZIO BENSCH

Germany's HDE retail association on Tuesday confirmed its forecast that sales would increase by 2% this year to 537.4 billion euros ($593.34 billion), which would mark a tenth straight year of growth.

DUESSELDORF, Sept 10 (Reuters) - Germany's HDE retail association on Tuesday confirmed its forecast that sales would increase by 2% this year to 537.4 billion euros ($593.34 billion), which would mark a tenth straight year of growth.

"Consumption defies the deterioration of the macroeconomic situation, consumer sentiment remains good," HDE Managing Director Stefan Genth told a news conference.

($1 = 0.9057 euros)

(Reporting by Matthioas Inverardi, Writing by Riham Alkousaa, Editing by Tassilo Hummel)

((Riham.Alkousaa@thomsonreuters.com;))

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