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06 Feb, 2024 10:48

Eurozone retail sales fall 1.1% in December

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Sharecast / Hans via Pixabay

Eurozone retail sales fell 1.1% month-on-month in December, according to European Union statistics agency Eurostat, capping off a tough twelve months for consumers.

December's reading was slightly worse than the 1.0% drop expected by economists, with retail food sales down 1.6% on the month, while non-food retail sales were down 1.0%.

On the year, Eurozone retail sales fell by 0.8, while EU sales were down 0.7%.

Annually, the volume of retail trade decreased by 6.2% for automotive fuels, and 1% for food, drinks and tobacco, while it grew 0.1% for non-food products.

Reporting by Iain Gilbert at Sharecast.com


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Pilling and Co Stockbrokers Ltd. is not responsible for the content or accuracy of third party news articles and we may not share the views of the author or publisher.

We provide third party news for your convenience and information only and make no representation or endorsement whatsoever and hereby exclude all liability for any loss or damage that may be incurred by you as a result of your access or use. Please note that third party content may be subject to terms and conditions imposed by the third party owner of that content.

The value of investments can fall and you may get back less than you invested.