EU retail trade declined in May

In May, the volume of retail sales in the eurozone and in the EU declined by 1.1 percent on a monthly base excessing the expectations. In April, a 0.7 percent increase occurred in the euro zone, and 0.9 percent increase in the EU.

Analysts expected 0.9 percent decline for the euro zone. On an annual basis, retail sales in May fell by 1.9 percent in the euro area and by 1.4 percent in the European Union.

In May, on a monthly level, the sales of “food, bewerages and tobacco” decreased by 0.6 percent in the euro area and by 1.8 percent in the EU. Non-food products sales decreased by 0.9 and 1.1 percent – reports ProfitLine.hu.