Latest data released by Destatis - 1 November 2021
- Prior +1.1%
- Retail sales -0.9% vs +1.8% y/y expected
- Prior +0.4%
That's quite a miss on estimates as retail sales tumbled, likely not helped by surging cost pressures and supply bottlenecks for the most part. But retail turnover - in real terms - is still seen keeping 3.7% above the pre-pandemic month of February 2020.
