Eurozone retail sales rise unexpectedly in JuneStaff Writer | August 3, 2017
Eurozone retail sales grew unexpectedly in June, data from Eurostat showed Thursday.
Europe Year-on-year, retail sales grew 3.1% in June
Retail sales climbed 0.5% in June from May, when turnover grew 0.4%. Sales were forecast to remain flat in June.
This was the second consecutive increase in sales after staying flat in April. Food,drinks and tobacco sales advanced 0.7% and non-food products sales gained 0.3%.
Year-on-year, retail sales grew 3.1% in June, faster than the 2.4% increase seen in May and the forecast of 2.5%.
In the EU28, retail sales rose 0.4% in June from May and advanced 3.1% from the previous year.
Among member states, the highest increases in the total retail trade volume were registered in Slovenia, Croatia and Slovakia.
Meanwhile, a decrease was observed in Luxembourg. ■