Significant Growth in German Retail Sales

In a remarkable display of economic resilience, Germany's retail sector witnessed a 4.9% increase in real terms in February compared to the previous year, as reported by Destatis, the country's statistical office. This growth is a testament to the sector's robust performance amidst global economic uncertainties.

Monthly and Annual Performance

On a monthly basis, retail turnover saw a modest yet positive rise of 0.8%. When looking at nominal terms, the figures are even more impressive, with a 5.9% annual jump and a 0.8% increase from January to February.

Sector-Specific Insights

Food retail sales experienced a 0.8% month-on-month growth and a 3.3% year-on-year increase in real terms. Meanwhile, non-food retail trade also showed positive trends, with a 0.6% rise from January and a significant 5.2% increase compared to February 2024.