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Germany s hospitality industry barely grew in 2023, new figures show

The hospitality industry in Germany grew more slowly in 2023 than initially estimated last month, new figures released on Tuesday showed. Price-adjusted sales rose by only 1.1% in 2023 compared to the previous year, the Federal Statistical Office (Destatis) reported. Compared to the pre-pandemic year of 2019, sales were 11.3% lower. In an initial estimate for 2023 in mid-January, the authority had assumed price-adjusted sales growth of 2.6% year-on-year. In non-price-adjusted terms, hoteliers an

German retail sales fell off significantly in 2023

Retail sales in Germany declined by an adjusted 3.1% last year compared with 2022, according to an initial estimate from the Federal Statistical Office (Destatis) published on Friday. Without adjustment for inflation, the decline came in at 2.4%. The decline on the year in real terms was the second in a row. Presenting provisional figures for November 2023, Destatis said turnover was down 2.4% in real terms on the figure for November 2022. It attributed the fall to weak demand in Christmas trade

Eurozone inflation rises in December to 2 9% after falling for months

Eurozone inflation accelerated again in December for the first time since September, with consumer prices up 2.9% on the year, according to an initial estimate from Eurostat on Friday. The European Union's statistical authority put annual inflation in November at 2.4%, the lowest level since the summer of 2021. Analysts had expected the December rise. On a month-on-month basis, the December rate came in at 0.2%. The trend seemed to bolster the European Central Bank's position that it is too earl

dpa-AFX Überblick: KONJUNKTUR vom 15 09 2021

dpa-AFX Überblick: KONJUNKTUR vom 15 09 2021
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