Latest News

Dow Jones Newswires: Eurozone retail sales fell more than expected in April


Eurozone retail sales fell much more than expected in April due to declining consumer confidence among households and rising inflation, the European Union’s statistics agency Eurostat said Friday.

The volume of retail sales declined 1.3% in April compared with the previous month, Eurostat said. Economists polled by The Wall Street Journal had forecast a 0.1% increase.

Eurostat revised retail sales data for March, and following the revision, the volume of retail sales rose 0.3%, instead of the 0.4% on-month drop previously estimated.

Eurostat said sales decreased 2.6% for food, drinks and tobacco and 0.7% for non-food products in April, while they increased 1.9% for automotive fuels.

On an on-year basis, the volume of retail sales in April was up 3.9%, Eurostat said.

Eurostat also revised March’s figure. Following the revision, retail sales increased 1.6% on year, instead of 0.8%.

Write to Maria Martinez at

: U.S. car sales at ‘recessionary levels,’ as inflation, rising interest rate concerns increase, RBC says

Previous article

Key Words: Tesla shares drop after report Musk wants 10% job cuts amid “super bad feeling” about economy

Next article

You may also like


Leave a reply

Your email address will not be published. Required fields are marked *

More in Latest News