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Eurozone retail sales up 17.8% in May

July, 06 2020
watermark Economic news

According to the European statistical agency Eurostat, retail sales in the eurozone in May rose by 17.8% compared with 11.7% in April . Analysts had expected sales growth of 15%.


On an annualized basis, retail sales in the eurozone in the reporting month fell by 5.1%, although analysts had expected a decrease of 7.5%.


In all EU countries, sales in May increased by 16.4% compared with April, and decreased by 4.2% in annual terms.


The largest decline in sales in May was recorded in Bulgaria (-20.4%), Luxembourg (-19.7%) and Spain (-17.9%). The strongest growth was recorded in Germany (+7.2%), Denmark (+6.6%) and Austria (+4.8%).

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Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.