-+undefined NaN%
-+undefined NaN%
-+undefined NaN%

Euro zone retail sales rebound more than expected m/m in Nov

Reuters · 01/06/2023 05:00
Euro zone retail sales rebound more than expected m/m in Nov

- Euro zone retail sales rebounded more than expected in November, data showed on Friday, thanks to more sales of fuel at petrol stations, the European Union's statistics office Eurostat said.

Eurostat said the volume of retail sales in the 19 countries sharing the euro last November rose 0.8% month-on-month, rebounding from a 1.5% slump the previous month, for a 2.8% year-on-year decline.

Economists polled by Reuters had expected a 0.5% monthly rise and a 3.3% year-on-year fall.

The volume of sales of automotive fuel in specialised stores rose 1.0% month-on-month in November, and 4.4% year-on-year helping to limit the downward pull on the index from falling sales of other products.

Retail sales are a proxy for consumer demand which has suffered from high energy prices that triggered a record surge in consumer inflation.


(Reporting by Jan Strupczewski)

((jan.strupczewski@thomsonreuters.com; +32 2 585 28 64; Reuters Messaging: jan.strupczewski.reuters.com@reuters.))