Germany's retail sales fell by 3.3 percent month-over-month in December 2019, compared with market consensus of a 0.5 percent fall and after a downwardly revised 1.6 percent gain. This marked the steepest monthly decline in retail trade since a 4.9 percent fall in May 2007. Year-on-year, retail sales rose by 0.8 percent in December, the least in six months, following a downwardly revised rise of 2.7 percent in November. Considering full 2019, retail trade grew 2.7 percent when compared with the previous year.
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. 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. source: Federal Statistical Office
Retail Sales MoM in Germany is expected to be 0.50 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 0.20 in 12 months time. In the long-term, the Germany Retail Sales MoM is projected to trend around 0.40 percent in 2021, according to our econometric models.