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.