Germany's retail sales dropped by 2.2 percent from a month earlier in July 2019, compared to market consensus of a 1 percent fall and following a downwardly revised 3 percent growth in June. This was the steepest monthly decrease in retail trade since December, raising concerns about Europe's largest economy. Year-on-year, retail sales jumped 4.4 percent in July, reversing a 1.4 percent decline in the previous month. Retail Sales MoM in Germany averaged 0.05 percent from 1994 until 2019, reaching an all time high of 4.60 percent in December of 2006 and a record low of -6.10 percent in January of 2007.
Retail Sales MoM in Germany is expected to be 0.20 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 -0.40 in 12 months time. In the long-term, the Germany Retail Sales MoM is projected to trend around 0.40 percent in 2020, according to our econometric models.