In July, retail sales rose in the euro area and the EU
In July, retail trade turnover increased by 0.3 percent compared to the previous month in both the euro zone and the countries of the European Union, based on the Monday report of Eurostat, the statistical office of the European Union.
With seasonal adjustment, the performance of the sector fell by 1.2 percent in the countries using the euro, and by 1.3 percent in the EU, compared to the previous month, which was the fastest decline this year.
Annually, retail sales fell by 0.9 percent in the euro area and by 0.5 percent in the EU, according to seasonally adjusted data. Analysts expected a 0.7 percent annual decline in turnover in the euro area, while the retail sector shrank by 3.2 percent on an annual basis in the previous month.
The turnover of food, beverages and tobacco in the euro area increased slightly, by 0.1 percent, compared to June after three consecutive months of decline. In the EU, however, turnover in this product category decreased by 0.1 percent. The turnover of non-food products in the euro area and the EU fell by 0.4 and 0.2 percent, respectively, on a monthly basis.
Retail sales of fuel in the euro area rose by 0.4 percent and in the EU by 0.3 percent compared to the previous month.
MTI
Related news
The European Union’s regulation on artificial intelligence has been announced
Today, the EU Regulation on Artificial Intelligence (“AI Regulation”) was…
Read more >Synthetic compounds in our food? The Association of Conscious Buyers is the domestic partner of an important EU project
ToxFree Life for All is the EU’s newly launched awareness…
Read more >A complaint was filed against Chinese honey in the EU
With the professional support of the Ministry of Agriculture (AM),…
Read more >Related news
Healthy summer nutrition tips with Eisberg
With the arrival of the really hot summer and the…
Read more >Large companies are resistant to economic uncertainty
Restrained expectations characterize the domestic corporate sector for the next…
Read more >Company trend in 2024: a more positive half-year, but still a negative message
The lowest number of companies in the last five years…
Read more >