Retail sales in Germany increased 1.2 percent month-over-month in February of 2021, rebounding after 2 consecutive months of declines but below market forecasts of a 2 percent gain, as the country remained under the coronavirus lockdown with retail partially closed. Compared to February 2020, the month before the coronavirus pandemic in Germany, sales were 9 percent lower. Year-on-year, retail sales sank 9 percent, more than forecasts of a 6.3 percent fall. Sales of food, beverages and tobacco went down 1.6 percent and sales of nonfood items dropped 13.8 percent, with textiles, clothing, shoes and leather (-73.7 percent); goods of many kinds, department stores for instance (-42.1 percent) and furnishings, household appliances and building supplies (-34.1 percent) recording the largest annual falls. source: Federal Statistical Office
Retail Sales MoM in Germany averaged 0.04 percent from 1994 until 2021, reaching an all time high of 13 percent in May of 2020 and a record low of -8 percent in December 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 April of 2021.
Retail Sales MoM in Germany is expected to be 0.90 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 1.00 in 12 months time. In the long-term, the Germany Retail Sales MoM is projected to trend around 0.60 percent in 2022 and 0.40 percent in 2023, according to our econometric models.