Economic Buzz: Eurozone Retail Sales Up 0.3% On Month In February

7 Apr 2022 , 03:12 PM

Eurozone retail sales rose 0.3 percent month-on-month in February, slightly faster than the 0.2 percent increase in January, data published by Eurostat showed on Thursday. However, sales were slower than the expected growth of 0.6 percent. Food, drinks and tobacco sales dropped 0.5 percent, following a 0.2 percent decrease. At the same time, growth in non-food products slowed to 0.8 percent from 1.1 percent. On a yearly basis, retail sales growth eased to 5.0 percent from 8.4 percent in the previous month.

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