Retail sales in the eurozone rose by 0.4%, as expected

According to the Statistical Office of the European Union Eurostat, retail sales in the eurozone in September increased by 0.4% compared to the previous month. The dynamics of the indicator coincided with the average forecast of analysts.

According to the revised data, the sales volume indicator did not change in August. Earlier it was reported about its decrease by 0.3%.

On an annualized basis, retail sales in September decreased by 0.6% after falling by 1.4% a month earlier. Experts on average expected a decrease of 1.3%.

In particular, sales of food, beverages and tobacco products in the eurozone increased by 0.4% compared to August, non-food products – by 1%. Sales of motor fuel decreased by 0.6%.

In all EU countries, retail sales increased by 0.4% compared to the previous month and decreased by 0.3% year-on-year. In Germany, the indicator increased by 0.9% by August, in France – by 0.2%, in Italy – decreased by 0.1%, in Spain – increased by 0.2%.