Retail sales in Germany contracted 5.5 percent month-over-month in April of 2021, reversing from a 7.7 percent jump in March and much worse than forecasts of a 2 percent drop. It is the first decline in three months, mainly due to new coronavirus lockdown restrictions introduced in the second half of April including curfews and shop closures and the Easter business in March 2021. Year-on-year, retail sales were up 4.4 percent, much less than market forecasts of a 10.1 percent rise. Increases were seen for non-food products (10.6 percent), namely textiles, clothing, shoes and leather goods (33.1 percent) and furnishings, household appliances and building (7.2 percent). Retail stores with the exception of food retail were closed until the end of April 2020 due to the first coronavirus lockdown. Compared to February 2020, the month before the coronavirus crisis, retail sales were up by 0.8 percent. source: Federal Statistical Office
Retail Sales MoM in Germany averaged 0.06 percent from 1994 until 2021, reaching an all time high of 12.80 percent in May of 2020 and a record low of -8 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 June of 2021.
Retail Sales MoM in Germany is expected to be 0.90 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 1.00 in 12 months time. In the long-term, the Germany Retail Sales MoM is projected to trend around 0.60 percent in 2022 and 0.40 percent in 2023, according to our econometric models.