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Eurozone retail sales fall for 2nd consecutive month in Oct

by ChemOrbis Editorial Team - content@chemorbis.com
  • 03/12/2015 (15:39)
According to data released by Eurostat, retail sales in the eurozone posted a second consecutive month of decreases in October, declining 0.1% on the month. The October figure also missed economists’ forecasts, which called for a gain of 0.2% in a survey by Reuters. On a yearly basis, however, growth in retail sales rose 2.5%.

The decline stemmed from lower sales for food and drinks and automotive fuel. Sales for food, drinks and tobacco declined 0.5% month over month while automotive fuel sales slipped 0.4% month over month in October. Sales for non-food products, meanwhile, edged up 0.1% in October compared with the previous month.

Among the member states, retail sales in Germany and France declined 0.4% and 0.3%, respectively, on the month in October; however Spain’s retail sales moved higher by 0.3% from a month earlier. Across the region, the highest monthly increases in total retail trade were registered in Poland (+2.1%), Estonia (+2.0%) and Latvia (+1.4%), while the largest decreases were observed in Slovenia (-1.1%), Ireland, Austria and the United Kingdom (all -0.7%).
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