Germany's retail sales surged by 13.9 percent month-over-month in May 2020, following an upwardly revised 6.5 percent drop in April and compared to market expectations of a 3.9 percent rise. This was the strongest growth in retail trade since the series began in February 1994, as the government continued to ease lockdown measures. Year-on-year, retail sales rose 3.8 percent in May, easily beating forecasts of a 3.5 percent fall.
Retail Sales MoM in Germany averaged 0.08 percent from 1994 until 2020, reaching an all time high of 13.90 percent in May of 2020 and a record low of -6.50 percent in April 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 July of 2020. source: Federal Statistical Office
Retail Sales MoM in Germany is expected to be -0.80 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 0.90 in 12 months time. In the long-term, the Germany Retail Sales MoM is projected to trend around 0.50 percent in 2021 and 0.40 percent in 2022, according to our econometric models.