{"id":131271,"date":"2021-07-06T09:27:09","date_gmt":"2021-07-06T09:27:09","guid":{"rendered":"https:\/\/precoinnews.com\/?p=131271"},"modified":"2021-07-06T09:27:09","modified_gmt":"2021-07-06T09:27:09","slug":"euro-zone-retail-sales-rebound-more-than-expected-in-may","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/markets\/euro-zone-retail-sales-rebound-more-than-expected-in-may\/","title":{"rendered":"Euro zone retail sales rebound more than expected in May"},"content":{"rendered":"
Christmas shoppers wear mask and fill Cologne’s main shopping street Hohe Strasse (High Street) during the spread of the coronavirus (COVID-19) pandemic in Cologne, Germany, 12, December, 2020. REUTERS\/Wolfgang Rattay\/Files<\/figcaption>

BRUSSELS (Reuters) – Euro zone monthly retail sales rose more than expected in May after a drop in April, driven mostly by purchases of non-food products and car fuel, data released on Tuesday showed.<\/p>\n

The European Union\u2019s statistics office Eurostat said retail sales in the 19 countries sharing the euro increased 4.6% month-on-month in May and were 9.0% higher than a year earlier.<\/p>\n

Economists polled by Reuters had expected a 4.4% monthly rise and forecast a 8.2% year-on-year surge.<\/p>\n

In April retail sales fell 3.9% on the month, although they rose 23.3% on the year, Eurostat said on Tuesday.<\/p>\n

As the bloc\u2019s economy rebounded with the lifting of coronavirus restrictions, Eurostat said sales of non-food products, excluding fuel for cars, increased in May by 8.8% on the month after a 6.1% plunge in April, and surged 14.8% on the year.<\/p>\n

Sales of automotive fuel were 8.1% higher on the month and rose 28.4% year-on-year.<\/p>\n

Purchases of food, drinks and tobacco remained largely stable falling slightly by 0.2% on the month and rising by 0.1% on the year.<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

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