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


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)


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


More Related Articles

Info icon

This data feed is not available at this time.

Sign up for Smart Investing to get the latest news, strategies and tips to help you invest smarter.