European retail analysis and forecast

European retail analysis and forecast: GfK

  • Disposable income of Europe’s households in 2011 has again climbed despite the current debt crisis and uncertainty
  • The greatest growth rates occurred in Russia, Norway, Great Britain, Scandinavia and the Baltic states.
  • Retailers in the 32 evaluated countries generated an approximate 2012 retail turnover of €3.09 trillion, an increase of approximately +3.7 percent over the 2011 value
  • GfK forecasts a nominal growth of approximately +1.9 percent in retail turnover in 2013



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