Retail sales in Germany unexpectedly declined by 0.8% month-over-month in June of 2023, missing market forecasts of a 0.2% growth while swinging from an upwardly revised 1.9% gain a month earlier. This was the first drop in retail trade since March. Meanwhile, retail sales were 1.6% lower than in June 2022, with food prices falling for 2 years. Considering the first six months of the year, retail trade fell 4.5%, as sales decreased for both food (-5.8%) and non-food (-3.6%) while online and mail-order sales grew by 7.3%. source: Federal Statistical Office

Retail Sales MoM in Germany averaged 0.06 percent from 1994 until 2023, reaching an all time high of 11.90 percent in May of 2020 and a record low of -9.20 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 August of 2023.

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. In the long-term, the Germany Retail Sales MoM is projected to trend around 0.30 percent in 2024 and 0.40 percent in 2025, according to our econometric models.

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Germany Retail Sales MoM



Calendar GMT Reference Actual Previous Consensus TEForecast
2023-06-30 06:00 AM May 0.4% 0.7% 0% 0.4%
2023-07-31 06:00 AM Jun -0.8% 1.9% 0.2% 0.0%
2023-08-31 06:00 AM Jul -0.8% 0.3% 0.3%


Related Last Previous Unit Reference
Retail Sales MoM -0.80 1.90 percent Jun 2023
Retail Sales YoY -1.60 -3.60 percent Jun 2023
Consumer Spending 423.26 423.06 EUR Billion Jun 2023
Disposable Personal Income 591.06 578.39 EUR Billion Jun 2023

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.
Actual Previous Highest Lowest Dates Unit Frequency
-0.80 1.90 11.90 -9.20 1994 - 2023 percent Monthly
Constant Prices, SA

News Stream
German Retail Sales Unexpectedly Fall
Retail sales in Germany unexpectedly declined by 0.8% month-over-month in June of 2023, missing market forecasts of a 0.2% growth while swinging from an upwardly revised 1.9% gain a month earlier. This was the first drop in retail trade since March. Meanwhile, retail sales were 1.6% lower than in June 2022, with food prices falling for 2 years. Considering the first six months of the year, retail trade fell 4.5%, as sales decreased for both food (-5.8%) and non-food (-3.6%) while online and mail-order sales grew by 7.3%.
2023-07-31
German Retail Sales Rise More than Estimated
Retail sales in Germany rose by 0.4% month-over-month in May of 2023, slowing from a downwardly revised 0.7% growth a month earlier but easily exceeding market forecasts of a flat reading. Sales of non-food increased by 0.5% while online and mail-order sales declined by 3.1 %. Meantime, sales at food retail dropped by 1.4% as food prices fell slightly. Meanwhile, retail sales were 3.6% lower than in May 2022, with food sales sinking 4.4% as food price inflation remains elevated. Sales of non-food went down by 3.5%.
2023-06-30
Germany Retail Sales Rise Less than Expected
Retail sales in Germany rose 0.8% month-over-month in April of 2023, rebounding from a 2.4% decline in March, but less than market forecasts of a 1% rise. Sales at food retail increased 0.5% as food prices fell slightly. Sales of non-food rose 0.7% and online and mail order sales jumped 5.9%. Meanwhile, retail sales were 4.3% lower than in April of 2022, with food sales sinking 4.4% as food price inflation remains elevated. Sales of non food went down 4%.
2023-06-01