Germany's retail sales rose by 2.1 percent month-over-month in November 2019, easily beating market consensus of a 1.1 percent rebound and reversing a downwardly revised 1.3 percent fall in the previous month. This was the highest monthly increase in retail trade since a 3.2 percent jump in January. Year-on-year, trade went up 2.8 percent in November, also beating expectations of a 0.9 percent growth, boosted by sales of food, beverages & tobacco (3.0 percent), internet & mail order (2.5 percent), pharmaceutical & cosmetic products (2.5 percent), furnishings, household appliances & building supplies (2.1 percent), and textiles, clothing, shoes & leather goods (1.9 percent).

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. 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. source: Federal Statistical Office

Retail Sales MoM in Germany is expected to be 0.50 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 0.20 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.

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Germany Retail Sales MoM

Actual Previous Highest Lowest Dates Unit Frequency
2.10 -1.30 4.60 -6.10 1994 - 2019 percent Monthly

Calendar GMT Actual Previous Consensus TEForecast
2019-09-30 06:00 AM Aug 0.5% -0.8% 0.6% 0.9%
2019-10-31 07:00 AM Sep 0.1% -0.1% 0.2% 0.2%
2019-11-29 07:00 AM Oct -1.9% 0.0%
2020-01-06 07:00 AM Nov 2.1% -1.3% 1.1% 1.5%
2020-01-31 07:00 AM Dec 2.1% -0.5% -0.7%

News Stream
German Retail Sales Fall the Most in 10 Months
Germany's retail sales declined by 1.9 percent month-over-month in October of 2019, after a revised of flat reading in the previous month. This was the biggest monthly drop in retail trade since a 3.2 percent fall in December last year. Year-on-year, retail sales rose 0.8 percent in October, following a 3.4 percent increase in September.

German Retail Sales Rise Less than Expected
Germany's retail sales increased by 0.1 percent month-over-month in September 2019, reversing a downwardly revised 0.1 percent fall in the previous month but below market expectations of a 0.2 percent growth. This was the first monthly rise in retail trade since June. Year-on-year, retail sales rose 3.4 percent in September, slightly below market consensus of 3.5 percent.

German Retail Sales Rebound in August
Germany's retail sales increased by 0.5 percent month-over-month in August 2019, reversing from a downwardly revised 0.8 percent fall in the previous month but below market expectations of a 0.6 percent growth. Year-on-year, retail sales rose 3.2 percent in August, following an upwardly revised 5.2 percent gain in July.

German Retail Sales Fall More than Expected
Germany's retail sales dropped by 2.2 percent from a month earlier in July 2019, compared to market consensus of a 1 percent fall and following a downwardly revised 3 percent growth in June. This was the steepest monthly decrease in retail trade since December, raising concerns about Europe's largest economy. Year-on-year, retail sales jumped 4.4 percent in July, reversing a 1.4 percent decline in the previous month.

German Retail Sales Rise the Most in 12-1/2 Years
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.

German Retail Sales Fall Unexpectedly
German retail sales declined unexpectedly by 0.6 percent month-over-month in May 2019, missing market expectations of a 0.5 percent rise and following a downwardly revised 1 percent drop in April. Year-on-year, retail sales rose 4.0 percent in May, after an upwardly revised 4.6 percent growth in the previous month and well above forecasts of a 2.7 percent advance.

Germany Retail Sales MoM
In Germany, the Retail sales report provides an aggregated measure of sales of retail goods and services over a specific time period. In Germany, Retail sales are seasonal, volatile and relatively important to the overall economy.

Germany Consumer Last Previous Highest Lowest Unit
Consumer Confidence 9.60 9.70 16.80 -3.50 points [+]
Retail Sales MoM 2.10 -1.30 4.60 -6.10 percent [+]
Retail Sales YoY 2.80 1.40 9.70 -7.90 percent [+]
Consumer Spending 428.01 426.17 428.01 311.47 EUR Billion [+]
Disposable Personal Income 506.31 501.52 506.31 22.96 EUR Billion [+]
Personal Savings 10.90 10.70 17.30 7.80 percent [+]
Consumer Credit 237464.00 235851.00 423705.00 21369.00 EUR Million [+]
Private Sector Credit 3104068.00 3086644.00 3104068.00 6461.00 EUR Million [+]
Bank Lending Rate 2.04 1.93 6.55 1.93 percent [+]
Households Debt To GDP 54.00 53.60 71.20 34.80 percent of GDP [+]
Households Debt To Income 83.73 82.51 106.63 82.51 percent [+]
Gasoline Prices 1.60 1.56 2.14 0.91 USD/Liter [+]
Consumer Confidence Economic Expectations 41.30 34.80 69.50 -33.20 [+]
Consumer Confidence Financial Expectations 60.20 58.50 60.20 -26.70 [+]
Consumer Confidence Major Purchases Expectations 58.50 59.20 64.40 -55.40 [+]