Eurozone retail sales rise in Oct after two months’ fall

According to data released by the European Union’s statistics office Eurostat, retail sales in the Euro zone rose in October after a fall for two consecutive months.

Eurostat’s data shows that retail sales increased by 1.1% on a monthly basis in October following the 0.4% fall in September and 0.1% in August along with the effect of Brexit. This increase was reportedly driven by non-food sales.

According to the data, Eurozone retail sales increased also on an annual basis by 2.4% when compared to the 1% in September and beat the forecasts which called for an increase of 1.7%.