German retail sales rose 3.3 percent month-over-month in January 2019, beating market expectations of 1.9 percent and recovering from a downwardly revised 3.1 percent fall in the previous month. This was the steepest rise in retail trade since October 2016. Year-on-year, retail sales increased 2.6 percent in January, compared to a downwardly revised 1.6 percent drop in December. 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 0.40 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 0.60 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.