Take a fresh look at your lifestyle.

Eurozone: Retail sales rise to pre-crisis levels message


LUXEMBOURG (dpa-AFX) – In the Euro zone retail sales have risen to the level before the Corona crisis. Revenues climbed 5.7 percent in June compared to the previous month, the Eurostat statistics agency said in Luxembourg on Wednesday. Economists had expected an average increase of 6.1 percent.

The increase in May was revised upwards significantly. At the time, sales had increased by 20.3 percent compared to the previous month after an increase of 17.8 percent had initially been determined. According to Eurostat, this means that the retail volume in the euro zone has returned to the level of February, i.e. before the start of the containment measures. There were significant declines in March and April.

Compared to the corresponding month of the previous year, sales rose by 1.3 percent in June. A decline of 0.2 percent was expected here.

Revenues from motor fuels and the non-food sector recovered particularly strongly in a monthly comparison. By contrast, sales of food and beverages declined. Among the Member States for which data are available, the highest increases were recorded in Ireland (+21.9 percent), Spain (+16.5 percent) and Italy (+13.8 percent). Declines in retail volume were registered in Austria (-2.5 percent) and Germany (-1.6 percent) ./jsl/jkr/jha/

Leave A Reply

Your email address will not be published.