Retail sales fell in September, surprising analysts expecting a rise, according to data released today by Eurostat.
In particular, retail sales fell by 0.3% on a monthly basis in September, while from the corresponding month of 2020 they increased by 2.5%, as announced by the European Statistical Office.
Analysts in a Reuters poll spoke of a 0.3% increase on a monthly basis and 1.5% from the same period last year.
The August data was revised upwards, with Eurostat announcing a 1% increase from 0.3% previously.
Germany, the largest economy in the Eurozone, recorded the largest decline in sales with a dip of 2.5%, while in negative territory were the measurements in Finland (-1.9%) and the Netherlands (-1.2).
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Source From: Capital
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