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- German retail sales rose less than forecast in September
German retail sales rose less than forecast in September
According to provisional data from Destatis, turnover in retail trade in September 2019 was in real terms 3.4% and in nominal terms 3.5% larger than in September 2018. The number of days open for sale was 25 in September 2019 and in September 2018. Economists had expected a 3.5% increase in real terms.
Retail trade in food, beverages and tobacco grew by 0.5% in real terms and 1.4% in nominal terms in September 2019 compared with September 2018, with sales in supermarkets, hypermarkets up by 0.5% in real terms and 1.3% in nominal terms over the same month of the previous year. In real terms, food retailing grew by 0.2% in real terms and by 2.1% in nominal terms compared with September 2018.
In the non-food retailing segment, sales in September 2019 rose by 4.9% in real terms and in nominal terms compared with the same month of the previous year. Internet and mail order trading recorded the largest increase in sales, with 10.9% in real terms and 10.3% in nominal terms.
Compared with the previous year, turnover in retail trade was in the first nine months of 2019 in real terms 3.1% and in nominal terms 3.7% higher than in the corresponding period of the previous year.
When adjusted for calendar and seasonal variations, the September turnover was in real terms 0.1% higher and in nominal terms 0.2% lower than in August 2019. Economists had expected a 0.2% increase in real terms.
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