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Eurozone retail sales stable in August

by ChemOrbis Editorial Team - content@chemorbis.com
  • 05/10/2015 (16:38)
According to data released by the European Union’s statistics office, Eurostat, retail sales in the eurozone followed a steady trend in August while the statistics office revised up its July readings to 0.6%, up from an initial increase of 0.4%.

On a yearly basis, meanwhile, the region’s retail sales slowed in August to 2.3% from the revised increase for July, but beat expectations. Economists’ expectations called for a gain of 1.7% in August from a year earlier.

Growth in food sales rose to 0.8% following an increase of 0.4% while retail sales for non-food products declined 0.3% on the month after increasing 0.5% in July.

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