German retail gross sales fell in January

By Maria Martinez

Germany’s retail gross sales fell in January as a result of partial closure of shops from December 16, German statistics bureau Destatis stated on Tuesday.

In keeping with provisional information from Destatis, retail gross sales in January fell 4.5% in actual phrases and three.9% in nominal phrases over one month. Economists polled by the Wall Road Journal anticipated a decline of 1.0% per 30 days in actual phrases.

In comparison with February 2020 – the month earlier than the Covid-19 outbreak in Germany – retail gross sales in January 2021 have been 5.8% decrease, Destatis stated.

Yr on yr, retail gross sales fell 8.7% in actual phrases and seven.4% in nominal phrases.

Retail gross sales of meals, drinks and tobacco merchandise elevated 4.3% in actual phrases yr on yr. Whereas retail gross sales in supermarkets and hypermarkets grew 5.3% in actual phrases, specialty meals retailers – corresponding to these promoting vegatables and fruits, meat, baked items or drinks – recorded a 3.2% drop in gross sales.

In non-food retail, January gross sales have been 16.4% decrease in actual phrases in comparison with the identical month a yr earlier, Destatis says. Retail commerce in textiles, clothes, footwear and leather-based items fell 76.6%. Gross sales of family home equipment and constructing supplies fell 43.2% in actual phrases in comparison with January 2020, Destatis stated.

Write to Maria Martinez at [email protected]

(END) Dow Jones Information Wire

03-02-21 0314ET

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