According to preliminary data from Statistisches Bundesamt, the German economy expanded again in the fourth quarter, growing by 0.25% on the previous three months. The latest figure was not too far off the 0.3% recorded in Q3, and activity in 2013 increased by 0.4% compared with 2012.
The overall picture in the retail sector was mixed, with sales growing by 1.6% year-on-year, driven by good performances from both the food and non-food segments. This was up from the 0.1% decline seen in October; but sales over the course of 2013 estimated to have grown by a marginal 0.4%.
Source : Cushman & Wakefield