Germany's retail sales fell by 5.3 percent month-over-month in April 2020, following a downwardly revised 4.0 percent drop in March and compared to market expectations of a 12 percent fall. This was the steepest decline in retail trade since January 2007, as the coronavirus crisis led to restriction measures that forced consumers to stay at home. Year-on-year, retail sales declined 6.5 percent in April, the biggest decrease since February 2009.
Retail Sales MoM in Germany averaged 0.03 percent from 1994 until 2020, 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. 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 June of 2020. source: Federal Statistical Office
Retail Sales MoM in Germany is expected to be -1.20 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 1.10 in 12 months time. In the long-term, the Germany Retail Sales MoM is projected to trend around 0.50 percent in 2021 and 0.40 percent in 2022, according to our econometric models.