RTTNews - Retail sales in the Eurozone declined 3.3% year-on-year in May, faster than a revised 2.5% drop in the preceding month, the Eurostat said Friday. Economists expected sales to fall 2.7%.
Excluding automotive fuel, retail sales dipped 2.7% in May compared to a 1.8% fall in April.
Month-on-month, retail sales were down 0.4% in May, reversing a 0.1% rise in the preceding month. Economists expected a drop of 0.1%. Retail sales excluding automotive fuel declined 0.4% compared to a 0.1% growth in April.
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