Eurozone retail sales rose less than expected in January, according to Eurostat data, mainly due to lower fuel sales and lower food costs, as inflation climbed more than 5% and hit purchasing power. consumers.
The European Union’s statistics office said retail sales in the eurozone rose 0.2% month-on-month and 7.8% year-on-year.
Economists expected a monthly increase of 1.3% and an annual 9.1%.
Food sales were unchanged in January compared to December, while car fuel sales fell 1.3%, keeping the monthly index.
Compared to January 2021, the value of gasoline sales was still 12.7% higher, but online sales fell 6.7%, and food, beverage and tobacco sales were 1.7% lower.
As an indication of consumer demand, sales figures showed large differences between euro area countries.
Sales in Slovenia rose 32.3% year-on-year in January, while in Finland they fell 2.4%.
In Belgium, sales increased by 0.3% on an annual basis, while in Germany they increased by 10.3%.
Source: Capital
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