Categories: Markets

Eurozone: Retail sales disappoint and fall 2% annually in August

The Eurozone retail sales fell 2% in August year-on-year reading, accentuating the expected 1.7% decline and the 1.2% drop seen in July (figure revised downwards from -0.9%). This is the third consecutive month of declines for the indicator, according to Eurostat, the statistics office of the European Union.

On a monthly basis, retail sales fell 0.3%, slightly moderating the previous and expected 0.4% drop. July’s figure has been revised down from +0.3% published a month ago to -0.4% today.

In the euro area in August 2022, compared to July 2022, the retail trade volume decreased 0.8% for food, beverages and tobaccowhile it increased 0.2% for non-food products and 3.2% for automobile fuels.

Among the Member States for which data is available, the largest monthly decreases in the total volume of retail trade were recorded in the Netherlands (-2.2%), Germany (-1.3%) and Malta (-1.1%). The largest increases were seen in Slovenia (+7.0%), Luxembourg (+3.8%) and Ireland (+3.5%).

EUR/USD reaction

The EUR/USD It has barely reacted to the data, moving just 10 pips around 0.9890, where it is trading 0.16% above its opening price. Previously, the pair hit a daily low at 0.9875.

Source: Fx Street

Published by

Recent Posts

“White Powder Bear”: the true story of the bear who ingested cocaine and inspired the film

“The White Powder Bear” directed by Elizabeth Banks hits Brazilian theaters this Friday (30) and…

7 mins ago

Fan tells how he fulfilled the dream of winning Chris Martin’s guitar from Coldplay

Many fans strive to get a spot on the show lineup for an artist they…

45 mins ago

Tiktoker lives saga after mysterious object gets stuck in his mouth; understand

Tiktoker Alexa Hendricks you can say you've had an exciting few weeks since an object…

49 mins ago

Almost 100 children have been victims of stray bullets in Rio since 2007, says survey

The NGO Rio de Paz released this Wednesday (29) data showing that 93 children and…

52 mins ago

Artificial Intelligence is the culprit behind the pope’s fashionista outfit

In not too distant times, images used to be presented as credible proof that something…

54 mins ago

Recep Tayyip Erdogan: He announced Putin’s possible visit to Turkey – The controversy over “Hagia Sophia” and the rights of the LGBTI+ community

THE Russian chairman Vladimir Putin may visit next month the Turkey on the occasion of…

54 mins ago