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Financial News: Eurozone Retail Sales Fall In July

Eurozone Retail Sales Fall In July

09/05/2017 - 05:14:00 (RTTNews)

(RTTNews) - Eurozone retail sales declined in July due to a fall in food sales, data from Eurostat showed Tuesday.

Retail sales volume decreased 0.3 percent month-on-month in July, partially offsetting June's 0.6 percent increase. The pace of decline matched economists' expectations.

Sales of 'food, drinks, tobacco,' decreased 0.5 percent, while non-food product sales rose 0.1 percent.

Year-on-year, retail sales growth eased to 2.6 percent in July, in line with forecast, from 3.3 percent in June.

Retail sales in the EU28 dropped 0.2 percent on month, in contrast to June's 0.5 percent increase. On a yearly basis, sales advanced 2.7 percent following a 3.4 percent increase in June.

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