German retail sales dropped by 1.9% month-over-month in February 2024, missing market estimates of a 0.3% growth while quickening from a marginally revised 0.3% fall in January. It was the fourth straight month of decline in retail trade and the steepest pace since October 2022, reflecting the impact of elevated inflation and high borrowing costs. Sales of food fell by 1.7% while those of non-food shrank by 1.0%. Year-on-year, retail trade decreased by 2.7% in February, the fourth successive month of contraction and the fastest fall in five months. Last year, retail turnover contracted 3.3%, much steeper than a 0.7% fall in 2022. source: Federal Statistical Office
Retail Sales in Germany decreased 1.90 percent in February of 2024 over the previous month. Retail Sales MoM in Germany averaged 0.05 percent from 1994 until 2024, reaching an all time high of 11.10 percent in May of 2020 and a record low of -9.60 percent in January of 2021. 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 2024.
Retail Sales in Germany decreased 1.90 percent in February of 2024 over the previous month. Retail Sales MoM in Germany is expected to be 0.70 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 2025 and 0.40 percent in 2026, according to our econometric models.