Retail sales in Germany sank 5.1% mom in July of 2021, compared with market forecasts of a 0.9% decline. It follows a big jump in June (4.5%) due to the continuing decline of the coronavirus incidence in all of Germany and, consequently, the easing of restrictions. In July, decreases were seen in sales of food, beverages and tobacco (-2.4%), sales at supermarkets, hypermarkets and hypermarkets (-1.3%), and sales of non-food (-7.1%), namely textiles, clothing, shoes and leather goods (-10.5%) and home furnishings, appliances and building supplies (-2.8%). Compared to February 2020, the month before the coronavirus crisis, sales increased 3.8%. source: Federal Statistical Office
Retail Sales MoM in Germany averaged 0.07 percent from 1994 until 2021, reaching an all time high of 12.60 percent in May of 2020 and a record low of -8.10 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 September of 2021.
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. 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.