September 10, 2019 / 8:42 AM / a month ago

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

FILE PHOTO: Shoppers resting with their purchases in downtown Hanover June 19, 2012. REUTERS/Fabian Bimmer/Files

DUESSELDORF (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.

Reporting by Matthioas Inverardi,; Writing by Riham Alkousaa,; Editing by Tassilo Hummel

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