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Germany: building and DIY shops report fall in sales

Mar 31, 2003
Germany: building and DIY shops report fall in sales31/03/2003 - In 2002 there were 39 fewer building and DIY shops than the previous year. Sales of the 4,093 shops fell by 2% over 1999 to 16.8 billion euro in spite of the 360,000 sq.m increase in sales area.

The causes of this fall are firstly the smaller requirements of professional customers due to the building recession and secondly a low propensity towards DIY renovation and modernisation work on the part of the general public due to the general economic recession.

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