Euro zone July retail sales rise, but weaker than expected
2022.09.08 01:47
FILE PHOTO: Customers and employees of a shopping mall watch the demonstrations of supporters of the movement of Patriotic Europeans Against the Islamisation of the West (PEGIDA) and their opponents in Frankfurt, January 26, 2015. REUTERS/Kai Pfaffenbach
BRUSSELS (Reuters) – Euro zone retail sales rose in July, but by less than expected because of a continued slump in demand for non-food products, data form the EU’s statistics office Eurostat showed on Monday.
Eurostat said retail sales in the 19 countries sharing the euro, a proxy for consumer demand, increased 0.3% month-on-month in July for a 0.9% year-on-year fall. Economists polled by Reuters had expected a 0.4% monthly rise and a 0.7% year-on-year decline.
Eurostat said sales of non-food products, excluding automotive fuel, fell 0.4% month-on-month for a 0.9% annual decline. Sales of automotive fuels rose 0.4% on the month and 0.6% on the year.
