Eurozone retail sales down on month, up on year in Jan
Eurostat’s data shows that retail sales decreased by 0.1% on a monthly basis in January following the 0.5% decrease in December. This decrease was reportedly driven by the decline in non-food products by 0.2% and in food, drinks and tobacco by 0.1%.
Among member states, the largest contribution to the monthly decline in retail sales came from Germany and France (0.8%), Belgium (0.6%) and the United Kingdom (0.4%) while the largest increases were recorded in Finland (4.4%), Poland (4.1%) and Slovenia (3.2%).
However, the data showed that Eurozone retail sales increased in January on an annual basis by 1.2% on the back of the rises in the sales of non-food products by 2.2%, in automotive fuel by 0.6% and in food, drinks and tobacco by 0.3%.
Among member states, the largest contribution to the annual increase in retail sales came from Slovenia (15.4%), Luxembourg (8.8%), and Lithuania (8.5%) while a decrease was recorded in Germany (0.4%)
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