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
GKI analysis: Why do Hungarian households live more poorly than anyone else in the EU?
Imagine that the residents of every EU country shop in…
Read more >KSH: industrial producer prices decreased by 0.7 percent in May 2025 compared to the previous month, and increased by an average of 6.9 percent compared to a year earlier
In May 2025, industrial producer prices were 6.9 percent higher…
Read more >Consumption drives the economy
According to the latest forecast by the Balance Institute, the…
Read more >