EU retail sales momentum has been broken

The momentum of retail sales broke in the European Union in February.

According to the figures of Eurostat published on Friday sales volume declined by 0.3 percent in the euro zone countries, compared to January, when the increase was 0.9 percent. Turnover stagnated across the whole Union after the 0.8 percent growth of January.

On an annual comparision, turnover declined by 1.4 years in the euro zone and by 0.2 percent in the EU27 in February.  (MTI)