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Eurozone Retail Sales Increase Slightly.

London, Tuesday, 08 November 2022

Following three consecutive months of unchanged or declining sales, the Eurozone's retail sales increased by 0.4 percent in September 2022 compared to a month earlier as consumers remained cautious in the face of rising borrowing costs, persistently high inflation, and a widening energy crisis throughout Europe.

This increase was widely anticipated by the markets. Sales of non-food items climbed by 1.0 percent (vs. 0.2 percent in August), while purchases of food, beverages, and tobacco went up by 0.4 percent. Online sales increased by 2.6 percent (vs. -4.1 percent) (vs -0.7 percent in August).

Fuel sales, meanwhile, returned to contraction territory (-0.6 percent vs 2.1 percent). Compared to the market consensus of a 1.3 percent decline, retail sales fell 0.6 percent in September on an annual basis.

(Source: EUROSTAT // Edit by: The Decision Maker – Finance editors)


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