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Financial News: Eurozone Retail Sales Unexpectedly Decline In November

Eurozone Retail Sales Unexpectedly Decline In November

01/07/2021 - 07:35:00 (RTTNews)

(RTTNews) - Euro area retail sales fell in November, defying expectations for further increase, as some countries in the bloc restored lockdown restrictions amid a resurgence in coronavirus infections, figures from Eurostat showed on Thursday.

Retail sales decreased 2.9 percent year-on-year, while economists had forecast 0.8 percent growth.

October's growth was revised to 4.2 percent from 4.3 percent.

Compared to the previous month, sales fell 6.1 percent in November, which was nearly double of the 3.4 percent fall economists had expected.

The monthly growth for October was revised to 1.4 percent from 1.5 percent.

The COVID-19 containment measures introduced again by several Member States had a significant impact on retail trade, Eurostat said.

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