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.