Retail sales in the euro area fell with a record high in April

The European Union’s statistical office (Eurostat) said on Thursday that seasonally adjusted data showed a 11.7 percent drop in retail sales in the 19-member eurozone and a 19.6 percent year-on-year decline in retail sales. Analysts expected even worse numbers, down 15.0 percent and 22.3 percent, respectively. (MTI)