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Eurozone retail sales edges up in December

by ChemOrbis Editorial Team -
  • 05/02/2016 (15:00)
According to data released by Eurostat, retail sales in the eurozone climbed in December for the first time since August in line with expectations. The region’s retail sales edged up 0.3% on the month in December while climbing 1.4% on the year. Eurostat also revised its November retail sales estimates to stable from a previously announced 0.3% drop.

Among member states, the highest yearly increases in total retail trade in December 2015were observed in Romania (+14.3%), Ireland (+6.1%), Estonia (+5.8%) and Poland (+5.5%), while the highest decreases were seen in Portugal (-1.3%), Belgium (-1.2%) and Denmark (-0.3%).

In 2015, retail sales in the eurozone rose 2.4% compared with 2014. The gain was attributed to higher disposable income owing to lower oil prices, which led to an increase in spending on goods and services by households.
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