Retail sales in the euro area grew stronger than expected in January

By: Trademagazin editor Date: 2019. 03. 05. 11:13

The European Union’s Statistical Office (Eurostat) announced on Tuesday that according to the seasonally adjusted data, retail sales in the 19-member eurozone increased by 1.3 percent monthly and 2.2 percent year-on-year in the first month of the year.

Analysts expected an annual increase of 1.9 percent in December, after the rewieved increase decreased from 0.8 percent to 0.3 percent. On a monthly basis analysts expected a 1.2 percent increase after the 1.4 percent drop of last month. (MTI)