Accordingly, sales rose in the week of 4. to 10. May, directly after the loosening, in comparison to the time of the lock downs (16. March to 3. May), massive. “The loosening have boosted consumption in Germany – both offline and online,” explains Georg Hauer, General Manager for Germany, Austria and Switzerland at N26.
catering seen now recovery
“The big winner was the retail sector: our customers have spent 53 percent more money,” says Hauer on. Also the expenditure for the car and the fuel to rise by as much as 26 percent. And, although fuel prices fell at the same time on a record-breaking Low levels. Display you Find your perfect credit card for card scout!
Even more remarkable is the development in the restaurant business. Because even though Restaurants, Bars, or cafes in many Parts of Germany are still closed, or at least a significantly limited operating in purchase need to take, increased sales in this area by a full 46 per cent – the second highest value after the retail.
online purchases are rising, despite the fact that more than card payments
The Numbers also suggest that a certain Change in the purchase behavior of the German emerges: The online trade has received a powerful boost that could remain beyond the crisis there. With FOCUS Online the best checking accounts compare (display) current account comparison 2020: The best to find account
Although the number of card transactions of the N26-customers increased by 30 percent. But this is hardly surprising, when you consider that many of the shops have only been open since the beginning of may. But in contrast, the already high number of Online transactions increased further”, once again, to 43 percent,” says Hauer.
holidays are already booked now increasingly
Apparently, the loosening of many a German in a kind of buying frenzy – even at home in front of the Computer. staggered An explanation for this phenomenon is that many people remain without a curfew rather be home, or at least full of shops to avoid.
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Others have a more optimistic view of the future – and have booked in spite of all the uncertainty now, but their holiday: “The sales increased in this category by 34 percent,” says Hauer.
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