Germany's retail sales were up 3.5 percent month-over-month in June 2019, easily beating market expectations of a 0.5 percent rise and following an upwardly revised 1.7 percent drop in May. This was the highest monthly increase in retail sales since December 2006. Year-on-year, retail sales fell 1.6 percent in June, after a downwardly revised 3.8 percent growth in the previous month and missing forecasts of a 2.7 percent gain. Retail Sales MoM in Germany averaged 0.06 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.