By Benjamin Chiou
Date: Thursday 06 Jun 2024
(Sharecast News) - Retail sales in the eurozone fell more than expected in April declining across all major categories, according to data released on Thursday by Eurostat.
The volume of retail trade in the single-currency region was down 0.5% following a downwardly revised 0.7% gain in March.
Economists were expecting a month-on-month drop of 0.3%.
Food, drinks and tobacco sales were 0.5% lower over the month, while non-food sales excluding fuel fell by 0.1%. Fuel sales meanwhile dropped by 2.2%.
Among member states, the largest monthly falls in retail sales were recorded in Latvia (-3.3%) and Cyprus (-3.1%), while the highest increases were seen in Slovakia (+2.4%), Austria (+1.9%) and Portugal (+1.7%).
Special promo:
Trading the Forex Market? Visit FXmania.com to get advanced infomation about currencies and the Foreign Exchange
Market.
Email this article to a friend
or share it with one of these popular networks:
You are here: news