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By
Reuters
Published
Apr 4, 2019
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Euro zone retail sales stronger than expected in February

By
Reuters
Published
Apr 4, 2019

Euro zone retail sales, an indication of domestic demand, were stronger than expected in February, led by a jump in sales of non-food products, data showed on Wednesday.

Eurostat said sales of clothes and shoes rebounded from a 0.6 percent slump in January to a 1.9 percent month-on-month rise in February and were 2.0 percent higher than a year earlier - Reuters


The European Union’s statistics office Eurostat said retail sales in the 19 countries sharing the euro rose 0.4 percent month-on-month for a 2.8 percent year-on-year gain.

Economists polled by Reuters had expected a 0.2 percent monthly increase and a 2.3 percent annual rise.

Eurostat said sales of clothes and shoes rebounded from a 0.6 percent slump in January to a 1.9 percent month-on-month rise in February and were 2.0 percent higher than a year earlier.

In year-on-year terms, sales over the internet showed the strongest gain, up 8.8 percent in February and accelerating from a 6.8 percent increase in January.

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