Latest data released by Destatis - 1 October 2021

  • Prior -5.1%
  • Retail sales +0.4% vs +1.9% y/y expected
  • Prior -0.3%

A modest bounce in retail sales after the drop in July, with August turnover seen up 6.0% in real terms as compared to the pre-pandemic month of February 2020. We'll see if conditions can hold going into autumn/winter though, with rising cost pressures and waning demand likely to weigh on spending appetite.