• German retail sales rose sharply in February

Market news

1 April 2020

German retail sales rose sharply in February

According to the report from the Federal Statistical Office (Destatis), in the corona crisis, retailers are experiencing strong demand for convenience goods. In part, the increased demand is clearly reflected by retail turnover in February 2020.

The real (price-adjusted) turnover of all retail enterprises in Germany was 6.4% higher and the nominal (not price-adjusted) turnover was 7.7% higher in February 2020 than in February 2019. With a total of 25 trading days, February 2020 had one more trading day.

When adjusted for calendar and seasonal variations, the February 2020 turnover was in real terms 1.2% and in nominal terms 1.4% higher than in January 2020. Economists had expected a 0.1% increase in real terms.

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