Retail Sales in Germany
Germany - Retail SalesA detailed breakdown of Q1 national accounts confirmed the preliminary result of moderate growth, which was mainly driven by fixed investment and inventories. Household spending fell, as higher inflation and deeply pessimistic consumer sentiment more than offset the positive effect of the economic reopening. While the economy is expected to hold up relatively well in Q2, with composite PMI data for April and May showing a continued improvement in operating conditions, other data calls for caution. The war in Ukraine continues to weigh heavily on business and consumer sentiment. Moreover, both harmonized consumer and producer price inflation reached record highs in April, suggesting that price pressures will continue to hamper activity. Meanwhile, the European Commission recently highlighted the investment environment, productivity, digitalization and pensions as areas in need of reform.
Germany - Retail Sales Data
|Retail Sales (annual variation in %)||3.8||2.6||2.8||1.8||3.0|
5 years of economic forecasts for more than 30 economic indicators.
Germany Retail Sales Chart
Source: Federal Statistics Office and FocusEconomics calculations
|Bond Yield||-0.19||0.41 %||Jan 01|
|Exchange Rate||1.12||0.65 %||Dec 31|
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November 24, 2022
Business confidence rose to 86.3 in November from October's 84.5.
November 11, 2022
Harmonized inflation increased to 11.6% in October, above September’s 10.9%.
November 7, 2022
On a seasonally-adjusted monthly basis, industrial production increased 0.6% in September (August: -1.2% mom).
November 4, 2022
The S&P Global Composite Purchasing Managers' Index (PMI) dropped to 45.1 in October, down from September's 45.7.
November 2, 2022
Merchandise exports fell 0.5% over the prior month in September (August: +2.9% mom).