Weak retail datas from Europe
According to Ecostat; Euro zone retail sales fell unexpectedly in September, on a monthly basis. This shows the weak consumer demands, which questions the strength of economic expansion.
Within the euro area, retail sales decreased by 0.7 percent, from August to September, which is the greatest decline since October 2008. On an annual basis, a 3.6 percent decline was registered. The analysts forecasted a 0.2 percent monthly expansion and only a 2.4 percent annual decline. Throughout the European Union, the monthly retail sales fell by 0.4 percent and 2.5 percent on an annual level – reports Profitline.hu.
Related news
Related news
In June, the annual decline in producer prices slowed down in Germany
In Germany, producer prices fell by 1.6 percent year-on-year in…
Read more >Rural accommodations closed a stronger half year than last year
The momentum of tourism in 2023 will continue to make…
Read more >Munch is now available in every Auchan store
From the beginning of May you can get the three…
Read more >