Eurozone retail sales rose 0.5% in September, slowing from August's 1.1% increase.

In September, Eurozone retail sales rose by 0.5%, a slowdown from August's 1.1% increase and slightly above the 0.4% forecast. This decline was driven by a 0.4% drop in food sales and a slowdown in automotive fuel turnover. Year-on-year, retail sales improved to 2.9%. Analysts express concerns over future growth due to anticipated slow real income growth and low consumer confidence. Overall, EU retail sales saw a 0.3% monthly increase and a 2.8% annual rise.

November 07, 2024
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