The Declining Unemployment Rate Drives The German Textile Industry

According to reports, in view of the current favorable employment situation and the declining unemployment rate in Germany, German business associations have expressed confidence in the market outlook for next year or even the following year. although government The reduction of unemployment benefits has an effect on some people's consumption, but general wage increases and full employment will boost overall consumption sentiment.

German retail association (HDE) chairman cheerfully said that this year German retail sales growth will be close to 2%, next year, the German retail market will continue the current active atmosphere, growth of at least more than 1%. Germany The chairman of the Institute of Economic Research (IW) also believes that the labour market situation is a decisive factor affecting private consumption. By 2012, unemployment will continue to decrease in Germany, creating an excellent condition for the development of the retail industry.

　　 The deputy director general of the German textile Retailers Association (BTE) said that sales of footwear and clothing in Germany increased by more than 4% in the first half of October this year, and this remarkable growth has not been seen in Germany for a long time. online Shopping It also continues to maintain growth in the retail sector. Chairman HDE believes that Internet sales will continue to grow at a rate of two digits in the next few years.