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German HDE retail body lift sales forecast for 2017
September 19, 2017 / 8:33 AM / 3 months ago

German HDE retail body lift sales forecast for 2017

BERLIN, Sept 19 (Reuters) - Germany’s HDE retail association on Tuesday raised its 2017 forecast for nominal sales growth, pointing to a consumer-friendly environment created by record-high employment, rising real wages and moderate inflation.

“The German economy is in good shape,” HDE said in its autumn outlook. The association now expects nominal sales to grow by 3 percent this year, up from its previous forecast of 2 percent. (Reporting by Michael Nienaber,; Editing by Joseph Nasr)

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