Retail sales in Germany unexpectedly sank 5.3% month-over-month in December of 2022, reversing from an upwardly revised 1.9% rise in November and compared to market forecasts of a 0.2% increase. It is the biggest decrease since July of 2021. Year-on-year, retail sales dropped 6.4% and were 1.9% lower compared to December 2019, before the coronavirus pandemic. Considering full 2022, retail sales fell 0.6%, led by a 4.1% decline in the second half of the year, as a marked increase in prices of goods and services weighed on consumption and as 2021 sales hit record values. Sales in the food sector decreased at a record 4.6% while non-food sales increased 2% to hit the highest value ever. Sales of textiles, clothing, shoes and leather goods recorded the biggest increase (27%) while sales in gas stations went down 1.1%. source: Federal Statistical Office
Retail Sales MoM in Germany averaged 0.05 percent from 1994 until 2022, reaching an all time high of 11.90 percent in May of 2020 and a record low of -8.80 percent in January of 2021. 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 February of 2023.
Retail Sales MoM in Germany is expected to be -1.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations.