German Bicycle Sales Increased By 9.1% Before September

According to data from the Federal Bureau of Statistics (Destatis), despite the high inflation rate, the sales of the retail industry in Germany in September still increased. In the first nine months of 2022, the sales of the bicycle industry increased significantly compared with the same period last year.
The results of the Federal Statistics Bureau (Destatis) show that compared with August 2022, the statistics of German retail companies in September 2022 and the actual (price adjustment) and expected business (price adjustment) of seasonal adjustment in September 2022 The amount increased by 1.8%. Compared with the same month in September 2022, the retail sales sales actually decreased by 0.9%, and the expected sales increased by 9.9%. According to Destatis, the difference between expected and actual results reflects the high growth of retail prices.
In the "other retail trade" categories of the statistical report, the Federal Statistics Bureau lists data from bicycles, saying that in the economic field of bicycles, its sales have decreased by 2.5%compared with September 2021 (expected to increase by 6.0%) Essence However, from January to September 2022, compared with the same period last year, its sales actually increased by 9.1%. (Expected increase of 16.8%).
VP Bank's chief economist Thomas Gitzel described to the German News Agency (DPA) describing this retail sales data as "a huge surprise. Although the inflation rate is high, the performance of September in September Still prominent.