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Monday, June 21, 2021

Eurozone April retail sales -3.1% vs -1.5% m/m expected

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Latest data released by Eurostat – 4 June 2021

  • Prior +2.7%; revised to +3.3%
  • Retail sales +23.9% vs +25.0% y/y expected
  • Prior +12.0%; revised to +13.1%

Retail sales activity in the euro area moderated in April after supposed Easter sales boosted the March numbers, with non-food products declining by 4.7% while food, drinks, and tobacco declined by 1.9% on the month.

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