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Financial News: Eurozone Retail Sales Recover In November

Eurozone Retail Sales Recover In November

01/07/2020 - 05:28:00 (RTTNews)

(RTTNews) - Eurozone retail sales increased for the first time in three months on non-food product sales in November, data from Eurostat showed Tuesday.

Retail trade rebounded at a faster than expected rate of 1 percent on month in November, in contrast to a 0.3 percent drop logged in September and October. Economists had forecast a monthly growth of 0.5 percent.

Sales of food, drinks and tobacco advanced 0.7 percent and non-food product sales climbed 1.4 percent. Meanwhile, automotive fuel in specialized stores sales decreased 1 percent in November.

On a yearly basis, growth in retail sales improved to 2.2 percent from 1.7 percent in October.

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