empty
 
 

2021.04.0106:20:00UTC+00German Retail Sales Recover In February

Germany's retail sales grew for the first time in three months in February but the pace of expansion was slower than economists' expected, data from Destatis revealed Thursday. Retail sales rose 1.2 percent month-on-month in February, reversing a 6.5 percent fall in January. Economists had forecast sales to grow at a faster pace of 2 percent. This was the first increase in three months.

On a yearly basis, retail sales decreased 9 percent after easing 9.3 percent in the previous month. Economists had forecast a 6.3 percent drop.

Food, beverages and tobacco sales dropped 1.6 percent annually and non-food product sales slid 13.8 percent. In nominal terms, retail sales rose 1.3 percent on month but fell 7.7 percent from the same period last year.

In comparison to February 2020, the month before the outbreak of Covid-19 in Germany, the turnover was 5.4 percent in real terms, lower.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $9000 more!
    In May we raffle $9000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback