German Retail Sales Fell in January
March 02 2021 - 3:29AM
Dow Jones News
By Maria Martinez
Germany's retail sales declined in January due to the partial
retail closure starting on Dec. 16, the German statistics office
Destatis said Tuesday.
According to Destatis's provisional data, retail sales in
January fell 4.5% in real terms and 3.9% in nominal terms on month.
Economists polled by The Wall Street Journal had expected a 1.0%
decline on month in real terms.
In comparison to February 2020--the month before the outbreak of
Covid-19 in Germany--retail sales in January 2021 were 5.8% lower,
Destatis said.
On year, retails sales declined 8.7% in real terms and 7.4% in
nominal terms.
Retail sales of food, beverages and tobacco products were up
4.3% in real terms on year. While retail sales in supermarkets and
hypermarkets were up 5.3% in real terms, specialist-food
retailers--such as those selling fruit and vegetables, meat, bakery
products or beverages--had a 3.2% decline in sales.
In nonfood retailing, sales in January were 16.4% lower in real
terms than in the same month a year earlier, Destatis says. Retail
trade in textiles, clothing, footwear and leather goods slumped by
76.6%. Household appliances and building-supplies sales declined by
43.2% in real terms compared with January 2020, Destatis says.
Write to Maria Martinez at maria.martinez@wsj.com
(END) Dow Jones Newswires
March 02, 2021 03:14 ET (08:14 GMT)
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