German retail sales up more than expected in February

Retail turnover up 0.8% month-on-month in February, moderately accelerating January's rise

By Mucahithan Avcioglu

ISTANBUL (AA) - Germany's retail sales increased 0.8% from a month ago in February, marking the largest rise since September 2024, according to preliminary estimates released on Monday.

The rise in the figure slightly accelerated an upwardly revised 0.7% rise in January, the Federal Statistical Office (Destatis) data said.

The market expected that the monthly real (price-adjusted) turnover of retail enterprises would not change in February.

Food sales rose by 0.8% in February month-on-month, and non-food retail sales increased by 0.6%.

On a yearly basis, retail sales increased by 4.9% in February.

Food sales soared by 3.3% in February year-on-year, while non-food sales grew by 5.2% in the same period.

In e-commerce and mail orders, retail sales recorded a monthly increase of 1% and a yearly rise of 14.7% in February.

Kaynak:

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