Economic Buzz: Euro Area Retail Sales Drop After Modest Rise In Last

capital market | Mumbai |

Economic Buzz: Euro Area Retail Sales Drop After Modest Rise In Last

Retail sales in the euro area decreased after recording a modest increase in the previous month, data released by statistical office Eurostat showed Wednesday. Retail sales volume decreased 0.2% month-on-month in September, reversing the previous month's 0.2% rise. Sales of non-food products dropped 0.6% sequentially, while sales of automotive fuel in specialized stores slipped 2%. Trade in food, drinks and tobacco, meanwhile, increased 0.8% compared to August. At the same time, retail sales in EU27 moved up 0.1% month-on-month in September, after holding flat in the previous month, data showed.

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