Eurozone recorded 0.2% rise in retail sales in January

According to statistics published by the European agency Eurostat, in January, retail sales in the euro area increased by 0.2% compared to December. According to Eurostat, a month earlier, the figure fell by 2.7%. According to economists, its January growth was expected at 1.5%. Over the twelve months, sales rose by 7.8%, which was also below the 9.2% increase predicted by experts. It is reported that the volume of sales of food products in January relative to December remained the same as a month earlier. Non-food products for the first month were sold by 0.2% more than in the previous month. At the same time, the volume of fuel sold decreased by 1.3%. Retail sales in the European Union in January increased by 0.6% compared to December, when they declined by 2.6%. In twelve months, sales increased by 8.3%. The maximum monthly increase of the indicator was noted in Poland, amounting to 5.9%, and its maximum decrease – at the level of 4.6% – was recorded in Slovenia.

Source: xCritical.com