Eurozone July retail sales fall 0.6%

The Eurozone experienced a 0.6% decline in retail sales in July, contrary to expectations which anticipated a 0.3% increase. The market was affected by declines in non-food product sales by 1.4%, along with an 0.8% drop in fuel sales. On an annual basis, retail sales rose by 0.6% across the Eurozone, with food and beverage sales increasing by 1.6%, while fuel sales decreased by 3.1%. The data shows that Germany recorded the largest monthly decline at 3.4%, while Latvia experienced the biggest increase at 2.5%.

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