Retail sales fall more than expected in April

The Eurozone retail sales fell 3.1% in April’s monthly reading, worsening the expected 1.2% decline. This is the first drop after two consecutive months of rises. In March, the indicator rose 3.3 (figure revised up from 2.7%).

Year-on-year, the indicator has grown by 23.9%, almost doubling the 13.1% rise of the previous month (a figure revised up from 12%). Despite the strong increase, retail sales have not met expectations of a rise of 25.5%.

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