Eurozone retail sales rise in Oct after two months’ fall
by ChemOrbis Editorial Team - content@chemorbis.com
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%.
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%.
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