Eurozone Retail Sales Recover In June
Euro area retail sales rebounded in June suggesting that household spending likely supported economic growth in the second quarter, official data revealed on Wednesday.
Retail sales grew 0.3 percent on a monthly basis in June, offsetting May's 0.3 percent decline, Eurostat said. However, this was marginally weaker than economists' forecast for a 0.4 percent increase.
Food, drink and tobacco sales rose 0.2 percent and non-food product sales gained 0.6 percent. Sales of automotive fuel in specialized stores grew 0.4 percent from a month ago.On a yearly basis, Eurozone retail sales growth accelerated to...
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