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Retail sales in the eurozone in June increased by 1.5% compared to May


August, 04 2021
watermark Economic news

Eurozone retail sales rose 1.5% in June from a revised figure in May, according to a press release from the European statistical agency Eurostat. Analysts predicted an increase of 1.7%. May's estimate was revised downward: Eurostat now estimates growth at 4.1% instead of 4.6%.


On an annualized basis, retail sales in the euro area rose 5%. Analysts had expected an increase of 4.5%. The May figure was also revised to 8.6% from 9%.


In all EU countries, retail sales increased by 1.2% compared to May, and on an annualized basis – by 5.3%.


The countries with the strongest growth in retail sales are Bulgaria (+ 22.7%), Lithuania (+ 15.3%) and Slovenia (+ 12.8%). In Luxembourg, a decline of 3.2% was recorded.


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Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.