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6 May 2015
Eurozone Retail sales rise less than expected in March
FXStreet (Mumbai) - The data released by the Eurostat on Wednesday showed the Eurozone retail sales in April rose 1.6% year-on-year, missing the estimate of a 2.4% rise. Retail sales in March stand unrevised at 3.0%. On month, the retail sales fell 0.8%, beating the estimate of a 0.7% fall.
The 1.6% increase in the volume of retail trade in the euro area in March 2015, compared with March 2014, is due to rises of 3.0% for the non-food sector and of 0.1% for “Food, drinks and tobacco”, while automotive fuel fell by 0.7%.
Meanwhile, the month-on-month drop was mainly due to falls of 2.7% for automotive fuel, of 0.8% for the non-food sector and of 0.6% for “Food, drinks and tobacco”.
The 1.6% increase in the volume of retail trade in the euro area in March 2015, compared with March 2014, is due to rises of 3.0% for the non-food sector and of 0.1% for “Food, drinks and tobacco”, while automotive fuel fell by 0.7%.
Meanwhile, the month-on-month drop was mainly due to falls of 2.7% for automotive fuel, of 0.8% for the non-food sector and of 0.6% for “Food, drinks and tobacco”.