German retail sector experiences record growth in 2017: official study

Low unemployment, rising wages and growing online sales have enabled German retailers to achieve record growth in 2017, preliminary figures published on Friday by the Federal Statistical Office suggest.

According to the Wiesbaden-based government statisticians, nominal revenue grew by between 4.5 percent and 4.9 percent in 2017 compared to the previous year.

“This marks the biggest gain since the beginning of measurements in 1994”, a statement by the Federal Statistical Office read. Germany last witnessed a reduction in retail revenue in 2009 at the height of the global financial and economic crisis.