Germany: Partial recovery in retail sales, new increase in industrial orders in January

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Retail sales in Germany partially recovered in January 2022 compared to December 2021, despite significant restrictions due to the coronavirus, according to data released on Monday.

The German Federal Statistical Office announced that retail sales gained 2% on a monthly basis in real terms, compared with analysts’ forecasts in a Reuters survey for an increase of 1.8%.

In December, retail sales were down 4.6%, according to the final revised data.

Industrial orders also rose more than expected, boosted by highs from abroad in January, in a boost to the European Union and the eurozone’s largest economy.

Specifically, they gained 1.8% in seasonally adjusted terms, while in December they had strengthened, according to the final data, by 3%.

Analysts expected a 1% increase.

Source: Capital

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