German retail sales were down -0.2% MoM (vs -0.4% MoM expected) in real terms and -0.1% MoM in nominal terms in March, while rising 2.2% YoY in real terms and 3.2% YoY in nominal terms.

• In Q1 2025, unadjusted retail sales were up 1.4% YoY in real terms and 2.4% YoY in nominal terms.
• Food sales rose 0.3% MoM real and 0.6% MoM nominal; up 0.5% YoY real and 3.2% YoY nominal.
• Non-food sales declined -0.6% MoM real and -0.3% MoM nominal; up 3.7% YoY real and 4.0% YoY nominal.
• Online and mail-order sales rose 0.6% MoM (both real and nominal); up 9.5% YoY real and 9.3% YoY nominal.
• February’s retail sales were revised down to +0.2% MoM real and +0.4% MoM nominal (from +0.8% in both).