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Germany records stronger-than-expected retail sales rebound in November 2019

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Germany records stronger-than-expected retail sales rebound in November 2019

Germany's monthly retail trade rebounded more than expected during November 2019, provisional data from the Federal Statistical Office showed.

Real and nominal retail trade rose 2.1% month over month in November 2019 after calendar and seasonal adjustments, surpassing the consensus estimate of economists polled by Econoday for a 1.0% increase.

Year over year, retail sales grew 2.8% during November 2019 in real terms and by 3.1% in nominal terms on a provisional basis.

Based on data from the first 11 months of 2019, Germany's real retail turnover for the year is projected to grow between 2.8% and 3.0%, while nominal growth is expected to be between 3.3% and 3.5%.