Economic Indicators
Euro Zone Retail Sales Rise Slightly in May
2022.07.06 12:41
By Scott Kanowsky
Investing.com — Euro area retail sales rose in May, recovering from a decline in the previous month but still below expectations, according to the EU statistics office.
Monthly seasonally adjusted total retail volumes in the currency bloc came in at 0.2%, up from the April reading of -1.4%. Analysts had forecast a rise of 0.4%.
The increase was driven by an uptick in demand for non-food products, which helped to offset a fall in food and automotive fuel sales, Eurostat said.
