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. source: Federal Statistical Office
Retail Sales MoM in Germany averaged 0.08 percent from 1994 until 2020, reaching an all time high of 13.20 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 October of 2020.
Retail Sales MoM in Germany is expected to be -0.30 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 -1.20 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.