Germany's retail sales increased by 0.5 percent month-over-month in August 2019, reversing from a downwardly revised 0.8 percent fall in the previous month but below market expectations of a 0.6 percent growth. Year-on-year, retail sales rose 3.2 percent in August, following an upwardly revised 5.2 percent gain in July. 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.