Retail sales in the eurozone fell by 0.2% in August

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Retail sales in the euro area declined in August by 0.2% after falling 0.6% in the previous month, Eurostat management reported. The monthly figure did not coincide with analysts' forecasts, who had expected it to rise by 0.2%. The annual growth rate of retail sales by 1.8% exceeded the estimates of experts who had predicted a growth of 1.7%. Retail sales in the EU countries retained the volume of the previous month. Compared with the same month last year, their volume increased by 2.4%. Monthly sales fell most of all in Latvia - by 1.2%, in Poland and France - by 0.7%. The most notable growth rates were noted in Sweden – 1.2%, and in Portugal - 1.1%.

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