July 4, 2019 / 10:03 AM / 3 months ago

Euro zone May retail sales unexpectedly fall 0.3% month-on-month: Eurostat

FILE PHOTO: Shoppers walk in a Karstadt hot deal department store in Frankfurt/Oder October 24, 2014. REUTERS/Fabrizio Bensch/File Photo

BRUSSELS (Reuters) - Euro zone retail sales fell in May, bucking economists’ expectations of a slight increase, European Union data showed on Thursday.

The EU statistics office Eurostat said high-street sales in the 19 countries sharing the euro dropped 0.3% in May compared with April, below the average forecast of a 0.3% rise by a Reuters poll of economists.

Year-on-year, retail trade rose by 1.3% in the euro zone, slightly less than market expectations of a 1.6% rise.

The data showed the second straight month of negative figures in retail trade, with euro zone shoppers spending 0.5% less on food, drinks and tobacco on the month.

Car fuel purchases dropped by 1.3% in May, but was offset by a 2.3% percent growth in online shopping, confirming a positive trend for the sector.

(The story is refiled to changes day in lead to Thursday, headline sourcing.)

Reporting by Alissa de Carbonnel; Editing by Foo Yun Chee and Toby Chopra

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below