Eurozone retail sales advanced more than expected in October
Buz Investors Eurozone retail sales advanced The seasonally adjusted retail sales in the Eurozone climbed 1.10% in October on a monthly basis, compared to a revised drop of 0.40% in the previous month. Market anticipation was for retail sales to rise 0.80%.
Retail sales volume climbed 1.1 percent month-on-month in October largely driven by non-food sales. October’s increase reversed a revised 0.4 percent fall in September.
Non-food product sales grew 2.3 percent in October, while food product sales gained only 0.2 percent.
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Eurozone retail sales advanced
On a yearly basis, retail sales growth accelerated more-than-expected to 2.4 percent from revised 1 percent in September. Sales were forecast to climb 1.7 percent.
The EU28 retail sales climbed 1.2 percent in October from September and grew 3.5 percent annually.
Among member countries, the highest annual increases in the total retail trade volume were observed in Luxembourg, Romania and Slovenia. Meanwhile, sales decreased 1.9 percent in Belgium.
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