Retail sales in Germany surged 1.9 percent month-over-month in November of 2020, following a 2.6 percent jump in October and beating forecasts of a 2 percent drop. Compared to February, the month before coronavirus outbreak, sales were 8.4 percent higher. Year-on-year, retail sales were up 5.6 percent, also beating forecasts of 3.9 percent, with sales rising for food, beverages and tobacco (0.8 percent) and non-food (8.5 percent), namely trade by the internet and mail order business (31.8 percent); furniture, household appliances and building materials (15.4 percent). For 2020, retail sales are expected to be between 3.9 percent and 4.3 percent higher than in 2019. source: Federal Statistical Office

Retail Sales MoM in Germany averaged 0.09 percent from 1994 until 2020, reaching an all time high of 13 percent in May of 2020 and a record low of -6.20 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 January 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.

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Germany Retail Sales MoM

Actual Previous Highest Lowest Dates Unit Frequency
1.90 2.60 13.00 -6.20 1994 - 2020 percent Monthly
SA, WDA


Calendar GMT Actual Previous Consensus TEForecast
2020-09-30 06:00 AM Aug 3.1% -0.2% 0.5% 0.5%
2020-10-30 07:00 AM Sep -2.2% 1.8% -0.8% -0.5%
2020-12-02 07:00 AM Oct 2.6% -2.2% 1.2% 0.8%
2021-01-05 07:00 AM Nov 1.9% 2.6% -2% -2%
2021-02-01 07:00 AM Dec 1.9%
2021-03-02 07:00 AM Jan
2021-04-01 06:00 AM Feb
2021-05-03 06:00 AM Mar


News Stream
Germany Retail Sales Surprise on the Upside
Retail sales in Germany surged 1.9 percent month-over-month in November of 2020, following a 2.6 percent jump in October and beating forecasts of a 2 percent drop. Compared to February, the month before coronavirus outbreak, sales were 8.4 percent higher. Year-on-year, retail sales were up 5.6 percent, also beating forecasts of 3.9 percent, with sales rising for food, beverages and tobacco (0.8 percent) and non-food (8.5 percent), namely trade by the internet and mail order business (31.8 percent); furniture, household appliances and building materials (15.4 percent). For 2020, retail sales are expected to be between 3.9 percent and 4.3 percent higher than in 2019.
2021-01-05
Germany Retail Sales Beat Expectations
Retail sales in Germany jumped 2.6% mom in October of 2020, following a downwardly revised 1.9% fall in September ad well above forecasts of a 1.2% rise. It is the biggest increase since April of 2018 as the economy attempts to rebound from the coronavirus hit. Compared with February 2020, the month before the covid-19 crisis, retail sales are 5.9% higher. Year-on-year, retail sales jumped 8.2%, the strongest increase since May of 2000, led by sales of food, beverages and tobacco (7.3%); sales in supermarkets, self-service department shops and hypermarkets (7.9%); furniture, household appliances and building materials (14.2%); and internet and mail order business (29.8%). On the other hand, retail sales declined for textiles, clothing, shoes and leather goods (-6.4%) and department stores (-2.3%).
2020-12-02
Germany Retail Sales Fall More than Expected
Retail sales in Germany shrank 2.2 percent month-over-month in September of 2020, following a downwardly revised 1.8 percent rise in August and much worse than market expectations of a 0.8 percent decline. Year-on-year, retail sales jumped 6.5 percent, compared to forecasts of 6.6 percent. Sales increased for food, beverages and tobacco (6.8 percent), supermarkets, self-service department shops and hypermarkets (7 percent), non-food (6.5 percent), namely internet and mail order business (21.2 percent), furniture, household appliances and building materials (11.1 percent). In contrast, trade in textiles, clothing, shoes and leather goods as well as the retail trade in department stores did not yet return to the previous year's level (-7.3 percent). Sales were 2.8 percent higher than in February, before the pandemic.
2020-10-30
German Retail Sales Rise for 1st Time in 3 Months
Germany's retail sales surged by 3.1 percent month-over-month in August 2020, the first increase since February, following a downwardly revised 0.2 percent fall in July and beating market expectations of a 0.5 percent gain. In comparison to February, the month before the outbreak of Covid-19 in Germany, the turnover in August was 5.8 percent higher. Year-on-year, retail sales rose 3.7 percent in August, following an upwardly revised 5 percent gain in the previous month.
2020-09-30

Germany Retail Sales MoM
In Germany, the Retail sales report provides an aggregated measure of sales of retail goods and services over a specific time period. In Germany, Retail sales are seasonal, volatile and relatively important to the overall economy.