Unfavorable turn in european retail
According to Eurostat’s datas; an unexpected turn has occured in the euro area retail trade, because sales in November dropped by 1.2 percent, after the 0.2 percent increase of the previous month.
The analysts expected stagnation. The current data do not favor the expectations, that private consumption could help the region's economic recovery. Throughout the whole European Union, retail sales in November decreased by 0.8 percent, after the 0.5 percent increase of the previous month. A 2.1 percent decrease occured on annual level – reports Profitline.hu.
Related news
Related news
Eurozone retail sales rise in April
Retail sales in the eurozone and the European Union increased…
Read more >Consumers can look forward to “pick-your-own” sales this year as well
Although this spring’s weather was not kind to fruit growing,…
Read more >Maxi Redefines Hypermarkets with Freshness, Convenience and Value
ICA Maxi in Sweden is defying the hypermarket decline seen…
Read more >