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Retail

German Retailers See Sales Up In May: Destatis

By Dayeeta Das
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German Retailers See Sales Up In May: Destatis

German retail sales increased by over 0.6% in May in real terms (price adjusted) compared with April, according to latest data from the country's federal statistics office, Destatis.

On a year-on-year basis, price-adjusted sales declined by 3.6% in May 2022.

Food Retail Sales

After what Destatis described as a 'significant slump' in April, the food retail sector once again recorded a decline in sales compared to the previous month.

Compared to the same month in the previous year, sales fell by 9.5%.

However, sales in May 2021 were unusually high (up 8.4% on May 2019).

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Destatis said the real decline in May 2022 is probably due significant rise in food prices (+11.1% compared to the same month last year).

Butcher shops and fish shops in particular recorded significant sales declines of 9.7% and 13.1%, respectively, compared to the previous month.

Read More: Euro Zone Retail Trade Weaker Than Expected As Food Sales Fall

Non-Food Items

In May 2022, the sales of non-food items recorded an increase in sales of 2.9% in real terms compared to the previous month.

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Textiles, clothing, shoes, and leather goods trade, in particular, saw significant growth, rising by 10.6% compared to the previous month and 59.8% compared to the same month last year.

This means that sales were only 1.1% below the pre-pandemic level of May 2019, Destatis noted.

In May 2022, online and mail order trade recorded a sales decline of 2.5% compared to the previous month, with both well below the value for the same month last year (-14.1 %).

Furthermore, sales at independent petrol stations fell by 4.0% compared to the previous month and are thus 10.8% below the level of the same month last year.

© 2022 European Supermarket Magazine – your source for the latest retail news. Article by Conor Farrelly. Click subscribe to sign up to ESM: European Supermarket Magazine.

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