Eurozone’s retail sales decrease 0.5% in March
Eurostat released its retail sales data for the Eurozone on Wednesday. Retail sales in the Eurozone decreased 0.5% in March, missing expectations for a 0.1% fall, after a 0.3% gain in February. February's figure was revised up from a 0.2% increase.
Non-food sales decreased 0.5% in March, food, drinks and tobacco sales slid 1.3%, while automotive fuel sales were down 0.4%.
On a yearly basis, retail sales in the Eurozone climbed 2.1% in March, missing forecasts of a 2.5% gain, after a 2.7% increase in February. February's figure was revised up from a 2.4% rise.
Non-food sales gained 2.1% year-on-year in March, gasoline sales jumped 2.5%, while food, drinks and tobacco sales rose 1.5%.
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