Eurozone Retail Sales Rise 0.2% in May as Food and Drink Spending Gains 0.6%
Updated
Updated · Action Forex · Jul 6
Eurozone Retail Sales Rise 0.2% in May as Food and Drink Spending Gains 0.6%
3 articles · Updated · Action Forex · Jul 6
Summary
May eurozone retail sales rose 0.2% from April, matching market expectations and signaling steady consumer demand.
Food, drinks and tobacco led the increase with a 0.6% monthly gain, while non-food sales excluding fuel edged up 0.1% and automotive fuel purchases fell 0.5%.
Across the wider EU, retail sales increased 0.5% on the month, indicating firmer spending in several member states than in the euro area alone.
Cyprus posted the strongest national gain at 3.7%, followed by Luxembourg at 3.6% and Poland at 2.4%, while Estonia fell 2.2% and Croatia dropped 2.0%.