BERLIN, Nov 9 (Reuters) - Germany’s HDE retail association expects sales over the crucial Christmas period to rise by 3 percent this year to more than 94.5 billion euros ($109.60 billion), weaker growth than in the last two years, the group said on Thursday.
“The economic conditions are good,” said HDE president Josef Sanktjohanser. “The Christmas period should prove a decisive growth driver for many retailers also this year.”
HDE said it expected overall 2017 sales to rise by 3 percent to exceed the half a trillion euro mark for the first time.
$1 = 0.8622 euros Reporting by Joseph Nasr; Editing by Madeline Chambers