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Data from Destatis. Forecasts by Sigmanomics Forecast Engine.
GermanyGermany Retail Sales MoM held to -0.3% in April 2026
DestatisMonthlyReleased June 2026
Germany Retail Sales MoM held to -0.3% in April 2026, released June 2026. The print exceeded the -0.4% consensus by 0.1%. The print is running well above the 12-month average of -0.63%. Over the past 3 months, Retail Sales MoM averaged -1.3%, vs -0.47% in the prior 3-month window. The reading is in the 54th percentile of the trailing 24-month range.
Latest Release
-0.3
Actual
-0.4
Consensus
-0.3
Previous
Median Absolute Error
±0.61 percentage points
across last 12 releases
Last Call
Jun 2026
Predicted: -0.8
Actual: -0.3
Error: -0.5
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| EUR/USD | ▼ Inverse | −0.63 | FOREX | Bearish EUR | → View |
| XAU/USD | ▼ Inverse | −0.51 | COMMODITIES | Bearish XAU | → View |
| EUR/GBP | ▼ Inverse | −0.29 | FOREX | Bearish EUR | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Retail Sales MoM (Germany) was reported at -0.3% in June 2026. This beat the market consensus of -0.4% by 0.1%. The reading was unchanged from the previous release. Trailing 12-month context per ETL data through June 2026. Over the past 12 months, the indicator has averaged -0.43%, ranging from -1.6% to 1% across 11 releases. This is classified as a medium-impact indicator released on a monthly basis.
WHY IT MATTERS
The indicator has been trending upward over the last three releases. The trailing three releases averaged -0.6%, down from the prior three at -0.27%. Volatility over the past year (σ 0.71%) is lower than the prior year (σ 1.1%). In June readings over the past 3 years, Retail Sales MoM has averaged -0.5%.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with EUR/USD (Bearish EUR). A secondary relationship exists with XAU/USD, negatively correlated (Bearish XAU). Over the last 12 releases, the Sigmacast model's median absolute error is 0.61%.
WHAT TO WATCH NEXT
The next release is scheduled for June 30, 2026. Same-country events in the next 14 days include Wholesale Prices MoM (Jun 15) and Wholesale Prices YoY (Jun 15).
Auto-generated from current model state · Refreshes on each release · Last update June 2026.
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Retail Sales MoM - DE
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About Retail Sales MoM — Germany
DEFINITION
Retail Sales MoM (Month-over-Month) is a key economic indicator that measures the change in the total value of goods and services sold by retail stores in a given month compared to the previous month. This indicator provides valuable insights into consumer spending patterns and overall economic growth, making it a crucial tool for investors, businesses, and policymakers. A positive MoM growth in retail sales indicates a strong consumer demand, while a negative growth may signal a slowdown in economic activity. Retail Sales MoM is widely used to assess the health of the retail sector and its impact on the broader economy.
WHY THIS INDICATOR MATTERS
Consumer activity accounts for the majority of GDP in advanced economies, making spending data a key cyclical signal for retail and discretionary sectors. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Apr 2026): actual -0.3 %, consensus -0.4 %. Prior reading (Mar 2026): -2 %. Before that (Feb 2026): -0.6 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially higher reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with EUR/USD (Bearish EUR, r=-0.63) — a useful reference for forex-focused traders.