Eurozone Retail Sales Rise More Than Expected

Eurozone retail sales grew for a second consecutive month and at a faster-than-expected pace in February, preliminary data from Eurostat showed on Wednesday.

Retail sales rose 0.4 percent month-on-month in February, surpassing economists’ expectations for 0.10 percent growth.

January’s monthly growth of 1.3 percent was revised down to 0.9 percent.

Sales of non-food products increased 0.9 percent and those of food, drinks and tobacco edged up 0.1 percent. Automotive fuel sales decreased 0.7 percent.

On a year-on-year basis, retail sales rose 2.8 percent after a 2.20 percent increase in January. Economists had expected 1.50 percent growth.

The material has been provided by InstaForex Company – www.instaforex.com

Source:: Eurozone Retail Sales Rise More Than Expected

Won't your trader friends like this?
About the Author
InstaForex brand was created in 2007 and at the moment it’s a top choice of more than 2,000,000 traders. More than 1,000 clients open accounts with InstaForex every day. All InstaForex clients get great opportunities for effective trading on the forex market, as well as on-time technical and customer support

Related Posts

Leave a Reply

*