Press release No. 336 of 2 September 2020
Wholesale turnover, June 2020
+3.4% on the previous month (in real terms, calendar and seasonally adjusted, provisional)
+4.0% on the previous month (in nominal terms, calendar and seasonally adjusted, provisional)
Wholesale turnover, second quarter 2020
-2.6% on the same quarter a year earlier (in real terms, provisional)
-6.2% on the same quarter a year earlier (in nominal terms, provisional)
WIESBADEN – As reported by the Federal Statistical Office (Destatis), the turnover achieved by wholesale trade in Germany for June 2020 was calendar and seasonally adjusted 3.4% in real terms (adjusted for prices) and 4.0% in nominal terms (not adjusted for prices) higher than in the previous month.
In June 2020, turnover in wholesale trade increased by 6.8% (in real terms) and 3.3% (in nominal terms) compared to June 2019.
In the 2nd quarter 2020 wholesale companies had in real terms 2.6% and in nominal terms 6.2% less turnover than in the 2nd quarter 2019.
The wholesale of raw materials, semi-finished goods and machines (production related trade), an indicator for industrial production and export, decreased in the 2nd quarter of 2020 by 3.4% in real terms and 10.3% in nominal terms then in the previous year. One reason for the sharp nominal decline in the production related trade is, among other things, a drop in prices in the wholesale trade of petroleum products: In the 2nd quarter of 2020, prices here were 27.2 % lower than in the 2nd quarter of 2019. Also, wholesale with consumable goods (consumption related trade) had a loss of 2.0% (in real terms) and 1.2% (in nominal nominal) in the same period.
Basic data and long time series are available in table Turnover in wholesale trade (45211-0004) in the GENESIS-Online database.
