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Eurozone retail sales fall at faster than expected pace in March

by ChemOrbis Editorial Team - content@chemorbis.com
  • 06/05/2015 (16:08)
According to data released by the European Union’s statistics office, Eurostat, retail sales in the eurozone fell at a faster than expected pace in March. The region’s retail sales decreased 0.8% on the month in March, slightly exceeding economists’ initial estimates, which called for a decrease of 0.7%. On a yearly basis, however, retail sales increased 1.6% after gaining 2.8% in February.

The decrease was attributed to lower sales in the food, drinks and tobacco and automotive fuel segments, which declined 0.6% and 2.7%, respectively. Retail sales in the non-food sector were also down 0.8% on the month in March.

Across the region, the largest monthly decreases were seen in Portugal (-3.5%), Slovenia (-2.8%) and Germany (-2.3%) while Poland (+1.5%), Slovakia (+1.1%) and Denmark (+0.9%) posted the largest increases seen in March.
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