Financial News: Dutch Retail Sales Growth Hits 7-Month High

Dutch Retail Sales Growth Hits 7-Month High

05/01/2024 - 02:57:00 (RTTNews)

(RTTNews) - The Netherlands' retail sales grew at the fastest pace in seven months in March, largely driven by higher demand for non-food products, according to data published by the Central Bureau of Statistics on Wednesday.

Retail turnover adjusted for shopping days grew 4.8 percent annually in March, faster than the 3.7 percent increase in February. Sales have been rising since March 2021.

Further, this was the strongest rate of growth since August 2023, when sales had risen 5.8 percent.

Sales of non-food products advanced at a faster pace of 6.2 percent annually in March, and food sales climbed by 2.3 percent. Data showed that online retail sales were 2.3 percent higher compared to last year.

On an unadjusted basis, retail turnover increased 3.9 percent annually in March.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Eurozone Trade Surplus Increases In March (02 min(s), 39 sec(s) ago)
(RTTNews) - The euro area trade surplus increased in March as the decline in imports exceeded the ...Full Story»

Eurozone Construction Output Logs Marginal Expansion (13 min(s), 39 sec(s) ago)
(RTTNews) - Eurozone construction output increased for the fourth straight month in March, though ...Full Story»

South African Leading Index Falls In March (01 hr(s), 58 min(s), 39 sec(s) ago)
(RTTNews) - South Africa's composite leading index decreased in March to the lowest level in s ...Full Story»

Eurozone Current Account Surplus Rises In March (02 hr(s), 15 min(s), 39 sec(s) ago)
(RTTNews) - The euro area current account surplus increased in March on improving primary income, ...Full Story»

Denmark Economy Contracts Most In Almost 4 Years (02 hr(s), 48 min(s), 39 sec(s) ago)
(RTTNews) - The Danish economy contracted at the steepest pace in nearly four years in the first q ...Full Story»

South Korea Consumer Confidence Weakens In May (03 hr(s), 56 min(s), 39 sec(s) ago)
(RTTNews) - South Korea's consumer sentiment decreased in May to the lowest level in six month ...Full Story»

Germany Producer Prices Continue To Fall (04 hr(s), 22 min(s), 39 sec(s) ago)
(RTTNews) - Germany's producer prices continued to fall in April on lower energy and intermedi ...Full Story»

European Economic News Preview: Eurozone Foreign Trade Data Due (04 hr(s), 48 min(s), 39 sec(s) ago)
(RTTNews) - Foreign trade and current account reports from the euro area are the top economic news ...Full Story»