Eurozone’s retail shrank less-than-expected

The euro zone retail sales decreased by 0.2 percent, instead of the expected 0.5 percent decrease in August compared to the previous month. Behind the positive data the minor boom of food industry played the major role.

At annual comparisons an expected a 2.6 percent decrease had occured.
In the monthly datas, the 1.5 percent decrease of the German retail is significant.
For the third quarter growth is expected in the eurozone, but unemployment is still increasing, so the sustainability of growth is uncertain – reports tozsdeforum.hu.