Germany November retail sales +0.6% vs -0.5% m/m expected
- Prior -0.3%
- Retail sales -2.9% vs -4.9% y/y expected
- Prior -2.9%
That’s a positive surprise and the details also reveal that in annual terms, retail turnover for 2021 as a whole (provisional estimate) is roughly 0.9% better than in 2020 in real terms – indicating a record high. That said, some areas of shop-based retail trade such as textiles, clothing, footwear, and leather products all suffered losses in turnover for a second year running amid the pandemic.