Eurozone retail sales increase in April
The data from Eurostat shows that retail sales increased by 0.1% on a monthly basis in April. This increase was reportedly driven by a rise of 0.6% in food, drinks and tobacco.
Among member states, the largest contribution to the monthly increase in retail sales came from the UK (2.8%), Finland (2%) and Portugal and Sweden (both 1.5%) while the largest decreases were recorded in Croatia (2.1%), Austria (both 1.2%) and Hungary (0.8%).
The data also showed that Eurozone retail sales increased by 2.5% in April on an annual basis on the back of the rises in the sales of non-food products by 3.4% and in food, drinks and tobacco products by 2.1%.
Among member states, the largest contribution to the annual increase in retail sales came from Luxembourg (11.3%), Slovenia (10.4%), and Ireland (8.4%).
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