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Macroeconomics  |  May 04, 2012 12:58:00

Eurozone retail sales rose in March

Eurozone retail sales after adjusting for seasonal mom grew by 0.3% and followed a revised decline of 0.2% jump in February and an increase of 1.0% in January, the Statistical Office reported. The result surpassed two tenths of a majority consensus. Sales of food products stagnated for non-food products except automotive fuel rose by 0.1%.

According to available data, retail sales increased only in five countries paying a single European currency, and eight declined. In Germany, sales for the first time this year increased by 0.8%.In comparison, retail sales in the eurozone declined by 0.2% and remained in continuous decline since June last year. Throughout the 27EU retail sales in March increased by 0.7% year on year and grew by 1.0%.

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