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Eurozone Retail Sales Edge Down 0.1 Percent in September
(MENAFN) Retail sales in the euro area edged down 0.1% in September compared with August, defying market expectations, according to official data released Thursday by Eurostat.
The modest decline follows a downwardly revised 0.1% drop in August, while economists had anticipated a 0.2% increase for September. Across the European Union, retail trade remained flat compared with the previous month.
The sharpest monthly fall in the eurozone was recorded in automotive fuel sales at specialized stores, which dropped 1%. Non-food product sales (excluding fuel) also declined 0.2%, while sales of food, drinks, and tobacco were unchanged.
Among EU countries with available data, the largest declines were observed in Lithuania (-1.1%), Latvia and Slovenia (both -0.7%), and Italy (-0.6%). Conversely, the strongest monthly gains were seen in Luxembourg and Malta (both up 1.7%), Estonia (1.5%), and Slovakia (1.4%).
On a year-on-year basis, retail sales rose 1% in the euro area and 1.3% in the EU, aligning with market forecasts.
The eurozone, also referred to as EA20, comprises member states using the euro, while the EU27 includes all member countries of the bloc.
The modest decline follows a downwardly revised 0.1% drop in August, while economists had anticipated a 0.2% increase for September. Across the European Union, retail trade remained flat compared with the previous month.
The sharpest monthly fall in the eurozone was recorded in automotive fuel sales at specialized stores, which dropped 1%. Non-food product sales (excluding fuel) also declined 0.2%, while sales of food, drinks, and tobacco were unchanged.
Among EU countries with available data, the largest declines were observed in Lithuania (-1.1%), Latvia and Slovenia (both -0.7%), and Italy (-0.6%). Conversely, the strongest monthly gains were seen in Luxembourg and Malta (both up 1.7%), Estonia (1.5%), and Slovakia (1.4%).
On a year-on-year basis, retail sales rose 1% in the euro area and 1.3% in the EU, aligning with market forecasts.
The eurozone, also referred to as EA20, comprises member states using the euro, while the EU27 includes all member countries of the bloc.
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