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- German retail sales rose more than forecast in January
German retail sales rose more than forecast in January
According to provisional data from Destatis, turnover in retail trade in January 2020 was in real terms 1.8% and in nominal terms 3.0% larger than in January 2019. The number of days open for sale was 26 in January 2020 and in January 2019. Economists had expected a 1.5% increase in real terms.
The retail trade of food, beverages and tobacco in January 2020 was 1.0% real and 3.2% more nominal than in January 2019. Sales at supermarkets, hypermarkets and hypermarkets were 0.9% higher in real terms and 2.9% higher in nominal terms than in the same month of the previous year. In the corresponding comparison, specialist food retailing increased by 2.1% in real terms and 5.1% in nominal terms.
Non-food retail sales in January 2020 increased by 2.2% in real terms and 2.8% in nominal terms compared to the same month of the previous year. The Internet and mail order business achieved the largest increase in sales with 6.3% in real terms and 6.4% in nominal terms.
When adjusted for calendar and seasonal variations, the January 2020 turnover was in real terms 0.9% and in nominal terms 1.2% higher than in December 2019.
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