German Retail Sales Fall 2% in September, Exceeding Forecasts

Key Facts

German retail sales decreased by 2% on a monthly basis during September. Investing.com reported that the decline was sharper than market analysts had anticipated, reflecting weakened consumer demand according to data from the Federal Statistical Office of Germany (Destatis).

This monthly contraction coincided with annual retail sales falling by 2.3% as of November 2, 2026, a significant drop from the previous reading of -0.4%. Earlier data from October 30, 2026, showed Germany's annual inflation rate cooling to 2.8% from a previous 3.3%, while the unemployment rate remained steady at 6.4%.

Bundesbank President Joachim Nagel is scheduled to deliver a speech on November 3, 2026, followed by the release of the Eurozone's annual inflation rate on November 4, 2026, which is forecasted at 3.9%.