Eurozone July retail sales weaker than expected Reuters

© Reuters. File picture: December 15, 2020, Bonn, Germany, due to the coronavirus disease (COVID-19) outbreak, the day before Germany resumed its complete lockdown, shoppers lined up in front of a store. REUTERS/Erol Dogrudogan

Brussels (Reuters)-Eurozone retail sales in July were much lower than expected, mainly due to a sharp decline in the number of goods purchased online.

Eurostat said on Friday that retail sales in 19 countries in the Eurozone fell 2.3% in July compared with June, but it was still 3.1% higher than in July 2020.

Economists surveyed by Reuters had expected a monthly increase of 0.1% and a year-on-year increase of 4.8%.

Sales in June were slightly revised, with a month-on-month increase of 1.8%, a month-on-month increase of 1.5%, and a year-on-year increase of 5.0% to 5.4%.

Eurostat said that Internet and mail order sales fell the most in July, down 7.3%, while auto fuel sales fell 1.6%, and food sales fell 0.7%.

Nonetheless, compared with July 2020, all retail sales figures have increased, with online sales increasing 11.2%, automotive fuels increasing 0.6%, and food sales increasing 1.1%.

Disclaimer: Converged Media I would like to remind you that the data contained on this website may not be real-time or accurate. All CFDs (stocks, indices, futures) and foreign exchange prices are not provided by exchanges, but by market makers. Therefore, prices may be inaccurate and may be different from actual market prices. This means that prices are indicative. Suitable for trading purposes. Therefore, Fusion Media is not responsible for any transaction losses that you may suffer as a result of using this data.

Converged Media Fusion Media or anyone related to Fusion Media will not be liable for any loss or damage caused by relying on the data, quotations, charts, and buy/sell signals contained in this website. Please fully understand the risks and costs associated with financial market transactions. This is one of the most risky forms of investment.



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *