Retail sales in Germany dropped 4.5 percent month-over-month in January of 2021, following a downwardly revised 9.1 percent plunge in the previous month and compared to market forecasts of a 0.3 percent drop as the country remained under a second coronavirus lockdown, which led to a partial retail closure starting on December 16th. In comparison to February 2020, the month before the outbreak of Covid-19 in Germany, retail sales were 5.8 percent lower. Year-on-year, retail sales fell 8.7 percent, much worse than forecasts of a 1.3 percent rise. Sales of non-food sank 16.4 percent, namely textiles, clothing, shoes and leather goods (-76.6 percent) and furnishings, household appliances and building supplies (-43.2 percent). On the other hand, sales increased 4.3 percent for food, beverages and tobacco and the internet and mail order business surged 31.7 percent. source: Federal Statistical Office

Retail Sales MoM in Germany averaged 0.04 percent from 1994 until 2021, reaching an all time high of 13 percent in May of 2020 and a record low of -9.10 percent in December of 2020. 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 March of 2021.

Retail Sales MoM in Germany is expected to be 1.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Retail Sales MoM in Germany to stand at 0.50 in 12 months time. In the long-term, the Germany Retail Sales MoM is projected to trend around 0.50 percent in 2022 and 0.40 percent in 2023, according to our econometric models.

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Germany Retail Sales MoM

Actual Previous Highest Lowest Dates Unit Frequency
-4.50 -9.10 13.00 -9.10 1994 - 2021 percent Monthly
SA, WDA


Calendar GMT Actual Previous Consensus TEForecast
2020-12-02 07:00 AM Oct 2.6% -2.2% 1.2% 0.8%
2021-01-05 07:00 AM Nov 1.9% 2.6% -2% -2%
2021-02-01 07:00 AM Dec -9.6% 1.1% -2.6% -1.2%
2021-03-02 07:00 AM Jan -4.5% -9.1% -0.3% -1.6%
2021-04-01 06:00 AM Feb -4.5% 5.1%
2021-05-03 06:00 AM Mar
2021-06-01 06:00 AM Apr
2021-07-02 06:00 AM May


News Stream
Germany Retail Sales Plunge in January
Retail sales in Germany dropped 4.5 percent month-over-month in January of 2021, following a downwardly revised 9.1 percent plunge in the previous month and compared to market forecasts of a 0.3 percent drop as the country remained under a second coronavirus lockdown, which led to a partial retail closure starting on December 16th. In comparison to February 2020, the month before the outbreak of Covid-19 in Germany, retail sales were 5.8 percent lower. Year-on-year, retail sales fell 8.7 percent, much worse than forecasts of a 1.3 percent rise. Sales of non-food sank 16.4 percent, namely textiles, clothing, shoes and leather goods (-76.6 percent) and furnishings, household appliances and building supplies (-43.2 percent). On the other hand, sales increased 4.3 percent for food, beverages and tobacco and the internet and mail order business surged 31.7 percent.
2021-03-02
Germany Retail Sales Shrink More than Expected
Retail sales in Germany sank 9.6 percent month-over-month in December of 2020, much worse than market forecasts of a 2.6 percent drop. It is the first decline in 3 months due to the second COVID-19 lockdown, which led to a partial retail closure starting on December 16th. Year-on-year, retail sales rose 1.5 percent. Considering full 2020, retail sales went up 3.9 percent.
2021-02-01
Germany Retail Sales Surprise on the Upside
Retail sales in Germany surged 1.9 percent month-over-month in November of 2020, following a 2.6 percent jump in October and beating forecasts of a 2 percent drop. Compared to February, the month before coronavirus outbreak, sales were 8.4 percent higher. Year-on-year, retail sales were up 5.6 percent, also beating forecasts of 3.9 percent, with sales rising for food, beverages and tobacco (0.8 percent) and non-food (8.5 percent), namely trade by the internet and mail order business (31.8 percent); furniture, household appliances and building materials (15.4 percent). For 2020, retail sales are expected to be between 3.9 percent and 4.3 percent higher than in 2019.
2021-01-05
Germany Retail Sales Beat Expectations
Retail sales in Germany jumped 2.6% mom in October of 2020, following a downwardly revised 1.9% fall in September ad well above forecasts of a 1.2% rise. It is the biggest increase since April of 2018 as the economy attempts to rebound from the coronavirus hit. Compared with February 2020, the month before the covid-19 crisis, retail sales are 5.9% higher. Year-on-year, retail sales jumped 8.2%, the strongest increase since May of 2000, led by sales of food, beverages and tobacco (7.3%); sales in supermarkets, self-service department shops and hypermarkets (7.9%); furniture, household appliances and building materials (14.2%); and internet and mail order business (29.8%). On the other hand, retail sales declined for textiles, clothing, shoes and leather goods (-6.4%) and department stores (-2.3%).
2020-12-02

Germany Retail Sales MoM
In Germany, the Retail sales report provides an aggregated measure of sales of retail goods and services over a specific time period. In Germany, Retail sales are seasonal, volatile and relatively important to the overall economy.