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Eurozone February retail sales subdued as non-food purchases cut

Apr. 05, 2018 11:52 AM ETEWP, HEWPBy: Gaurav Batavia, SA News Editor
  • Eurozone sales increased at a slower rate of 0.1% M/M, 1.8% Y/Y compared to 0.5% M/M, 2.1.% Y/Y in February as shoppers cut back on non-food purchases indicating a slowdown of business in the start of the year.
  • Food, drink and tobacco sales grew after a month-on-month contraction and year-on-year stagnation in January.
  • Sales of pharmaceutical and medical goods and of automotive fuel rose during February after declines in January, but other non-food products either rose by less than in January or fell.
  • Source: Investing.com
  • EWP, HEWP

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