Retail sales in Germany increased by 1.1% in real terms and 2.5% in nominal terms in 2024 compared to the previous year, according to preliminary data from Destatis.
Retail sales in Germany increased by 1.1% in real terms and 2.5% in nominal terms in 2024 compared to the previous year, according to preliminary data from Destatis. However, this figure was revised down by 0.2 percentage points from the initial estimate released on January 8, 2025, which had incorporated late Christmas sales reports.
The first half of 2024 saw a 0.5% decline in real retail sales compared to the same period in 2023, reflecting subdued consumer spending amid economic uncertainty. However, the sector rebounded in the second half of the year, with a 2.6% increase in real sales, driven by improved consumer confidence and higher household expenditures.
Despite the annual increase, retail sales remained 2.9% below the record highs of 2021, indicating that the sector has yet to fully recover from pandemic-related shifts and inflationary pressures. However, compared to pre-pandemic levels in 2019, real retail sales were up by 2.3%, while nominal sales surged by 22.8%, highlighting the impact of inflation and price adjustments over recent years.
The latest data reflects a gradual stabilization in Germany’s retail sector, with a strong second-half performance helping to offset earlier declines, though broader economic recovery remains a key factor for future growth.
Source: Destatis
Renewed expectations for further Federal Reserve tightening kept the dollar supported as policymakers continued to warn about persistent inflation risks.
Fed, BOJ Hikes Lift Dollar as Oil Falls (21 – 25 September)Global markets entered the week balancing tighter monetary policy against signs of easing Middle East energy risks. The Federal Reserve remains the main macro driver after raising rates to 3.75%–4.00%, its first hike since 2023, and signaling that another increase remains possible this year. The Dollar Index advanced to 100.4, while Treasury yields remained elevated. The Bank of Japan also tightened policy, raising rates to 1.25%, although dissent within the board suggested that future increases could come at a slower pace.
Detail Falling Oil Prices Support Metals (09.21.2026)Easing oil prices offered some relief to financial markets as renewed diplomatic efforts in the Middle East reduced immediate inflation concerns.
Then Join Our Telegram Channel and Subscribe Our Trading Signals Newsletter for Free!
Join Us On Telegram!
