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.