German retail sales tumble in January as lockdown bites

Retail sales fell 4.5% on the month in real terms after an upwardly revised decline of 9.1% in December

  
People are seen in a supermarket after the re-opening of the borders, amid the coronavirus disease (COVID-19) outbreak, at the Rhein Center shopping mall in Weil am Rhein, Germany June 15, 2020.

People are seen in a supermarket after the re-opening of the borders, amid the coronavirus disease (COVID-19) outbreak, at the Rhein Center shopping mall in Weil am Rhein, Germany June 15, 2020.

REUTERS/Arnd Wiegmann

BERLIN - German retail sales tumbled more than expected in January as an ongoing lockdown curtailed retail spending in Europe's largest economy, data showed on Tuesday.

The Federal Statistics Office said retail sales fell 4.5% on the month in real terms after an upwardly revised decline of 9.1% in December. The January reading undershot a Reuters forecast for a decline of 0.3%.

"This decline can be explained by the ongoing coronavirus lockdown, which meant a closure of many retail stores since Dec. 16, 2020," the statistics office said.

(Reporting by Caroline Copley Editing by Riham Alkousaa) ((michael.nienaber@thomsonreuters.com; +49 30 2888 5085; Reuters Messaging: michael.nienaber.reuters.com@reuters.net www.twitter.com/REUTERS_DE www.reuters.de))

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