Retail Sales in Germany

Germany Retail Sales | Economic News & Forecasts

Germany - Retail Sales

The economy is expected to have contracted sharply in the second quarter due to Covid-19. In April, industrial output fell at the steepest clip since at least the early 1990s, particularly on the back of weakness in the manufacturing sector amid the global lockdown weighing on foreign demand. The composite PMI, furthermore, remained in contractionary territory throughout the quarter on broad-based weakness in the private sector. Meanwhile, boding ill for household spending, the unemployment rate continued to rise in May while retail sales plummeted in April. More positively, the composite PMI rose in May and June, suggesting activity recovered somewhat towards the end of the quarter following the lifting of lockdown restrictions. In other news, the government announced fresh stimulus of EUR 130 billion in early June. Partly financed through net new borrowing, the package focuses on reducing the tax burden and further liquidity support.

Germany - Retail Sales Data

2015   2016   2017   2018   2019  
Retail Sales (annual variation in %)3.8  2.6  2.8  1.8  3.0  

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Germany Retail Sales Chart

Germany Retail
Note: Annual variation of real retail sales in %.
Source: Federal Statistics Office and FocusEconomics calculations

Germany Facts

Value Change Date
Bond Yield-0.190.41 %Jan 01
Exchange Rate1.120.65 %Dec 31

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