Eurozone retail sales growth slows in March
Retail sales growth slowed in March in both the eurozone and the European Union on an annual basis and fell compared to February.
The European Union’s statistical office, Eurostat, said on Wednesday that retail sales fell by 0.1 percent in March in both the eurozone and the EU compared to February, when the eurozone recorded a 0.2 percent increase and the EU stagnated.
On an annual basis, retail sales growth in the eurozone slowed to 1.5 percent from 1.9 percent in February, compared to the 1.6 percent expected by analysts, while growth in the EU as a whole slowed to 1.4 percent from 1.8 percent.
In the European Union, retail sales of food, beverages and tobacco products decreased by 0.4 percent in March compared to the previous month, while non-food products excluding fuel increased by 0.1 percent, and fuel increased by 0.4 percent in one month.
Related news
Russian cucumbers flood the EU: the market for Polish producers is tense
Although the European Union’s sanctions policy on Russian agricultural products…
Read more >Retail sales growth accelerated in Poland and unemployment fell in April
In Poland, retail sales in April accelerated strongly in April,…
Read more >The single market would get a new boost: EU strategy to break down trade barriers
The European Commission is set to revamp the single market…
Read more >Related news
Food Price Margin Reduction Extended Until the End of August
István Nagy, Hungary’s Minister of Agriculture, announced on his official…
Read more >Profitability of trade is decreasing – the government is opening up substantial resources
On May 28, Laurel Számítástechnikai Kft. held its 12th Retail…
Read more >Rules on meat products are getting stricter – a new concept is also included in the regulation
A new regulatory amendment has been proposed in Hungary: the…
Read more >