In March, retail sales in the euro area declined more than expected

By: Trademagazin editor Date: 2022. 05. 05. 11:15

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Compared with the previous month, retail sales in the euro area fell more than expected in March and grew less than expected on an annual basis, according to a report by Eurostat on Wednesday.
Compared to the previous month, retail sales in Hungary achieved the third largest increase in the EU and the fourth largest year-on-year.

Poor retail data came from the eurozone

In March, seasonally adjusted retail sales fell by 0.4 percent month-on-month in the euro area and by 0.2 per cent in the European Union. Analysts expected a 0.1 percent monthly decline in the eurozone in March.

In February, monthly growth was 0.4 percent in the euro area and 0.3 percent in the EU. (MTI)