German retail sales post sharpest fall since late-2022
By Benjamin Chiou
Date: Monday 30 Jun 2025
(Sharecast News) - Retail sales in Germany dropped by their most in over two and a half years in May, according to data from the Federal Statistical Office on Monday.
Retail sales were down 1.6% last month, following a 0.6% decline in April, Destatis reported. The consensus forecast was pointing to growth of 0.5%.
This was the steepest rate of a decline since October 2022.
Sales fell across the board, with food sales down 1.3%, non-food sales 2.2% lower and online sales dropping 1.4%.
Compared with May 2024, retail sales were still up 1.6%, though this was a sharp slowdown from the 2.9% annual increase reported in April.
This was well below analysts' estimates of an acceleration to 3.3% the weakest rate of annual growth since July 2024.
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