Retail Trade with Significant Drop in Revenue in July

Business › Economy ♦ Published: September 8, 2011; 20:03 ♦ (Vindobona)

Adjusted for inflation, revenue of the Austrian retail companies declined by 4.6% compared to the previous year.

Retail Trade with Significant Drop in Revenue in July / Picture: © Vindobona.org

The Austrian retail sector (including gas stations) recorded a substantial drop in revenue in July 2011. Sales were down by 4.6% in real terms (adjust for inflation) against July of the previous year. The development was also negative in nominal terms, with a decline of 0.8%. Compared to June, however, revenue grew by 3.9% in nominal terms. These figures were published by Statistics…

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