Retail sales in Germany jumped 1.9% month-over-month in July of 2022, rebounding from a 1.5% drop in June and beating market forecasts of a flat reading. It is the biggest increase since June last year, prompted by higher food (2.1%) and online sales (9.2%). Sales also increased for non-food (0.5%), namely textiles, clothing, shoes and leather goods (0.6%), offsetting a 0.1% drop in furnishings, household appliances and building supplies. Compared to the previous year however, retail sales were down 2.6%. source: Federal Statistical Office
Retail Sales MoM in Germany averaged 0.07 percent from 1994 until 2022, reaching an all time high of 12.60 percent in May of 2020 and a record low of -8.20 percent in January of 2021. This page provides the latest reported value for - Germany Retail Sales MoM - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Germany Retail Sales MoM - data, historical chart, forecasts and calendar of releases - was last updated on September of 2022.
Retail Sales MoM in Germany is expected to be -1.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Germany Retail Sales MoM is projected to trend around 0.50 percent in 2023 and 0.30 percent in 2024, according to our econometric models.