Eurozone retail sales unexpectedly decline in September on German weakness

Published 2021년 11월 5일

Tridge summary

Eurostat data for September 2021 shows a surprise 0.3% decrease in retail sales across the Eurozone, contrary to expectations of a 0.3% increase. The annual growth rate was 2.5%. The decline was largely due to Germany and non-food sector sales. Fuel sales rose by 1%, while food, beverage and tobacco sales increased by 0.7%. However, sales excluding food fell by 1.5%.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

FRANKFURT (Reuters) - Eurozone retail sales registered an unexpected drop in September as Germany, the bloc's largest economy, performed poorly, as did sales outside the food sector, Eurostat data showed on Friday. fair. Retail sales, a measure of consumer demand, in the 19 countries that use the euro fell 0.3% in September over the previous month and increased 2.5% over the same period last year, according to the Union's statistics agency. European. Economists polled by Reuters had expected a 0.3% monthly increase and a 1.5% year-on-year increase. With energy prices soaring, coronavirus infections on the rise and supply bottlenecks dragging on, consumers are likely to be even more cautious in the coming months. Eurostat reported that fuel sales rose 1% in the month ...

Source: Mixvale