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Eurozone retail sales post fresh gains in Jan

by ChemOrbis Editorial Team - content@chemorbis.com
  • 04/03/2016 (11:17)
According to data released by Eurostat, retail sales in the eurozone continued to gain ground in January. The region’s retail sales rose 0.4% on the month in January while climbing 2% on the year. Eurostat also revised its December retail sales estimates to a 0.6% rise on a monthly basis and to 2.1% on a yearly basis. The January figure beat Economists’ expectations, which called for a gain of 0.1%.

The increase was attributed to higher sales for food, drinks and tobacco and automotive fuel, which climbed 0.5% and 0.1% on the month, respectively, in January. On a yearly basis, meanwhile, retail sales for non-food products increased 3% while retail sales for food, drinks and tobacco and automotive fuel moved higher by 1.4% and 0.3%, respectively.

Among member states, the highest yearly increases in total retail trade were seen in Romania (+15.6%), Estonia (+8.9%) and Poland (+7.5%), while the largest decreases were reported in Belgium (-2.2%) and Austria (-0.5%).
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