Wednesday September 3, 10:21 AM
Eurozone retail sales weaker than expected in July
BRUSSELS (AFP) - Retailers in the 15 countries sharing the euro saw their sales fall more than than expected in July, official EU data showed on Wednesday.
The volume of retail sales in the eurozone fell 0.4 percent from July and slumped 2.8 percent over 12 months, the European Union's Eurostat data agency said.
The figures were worse than economist forecasts for a fall of 0.2 percent on the month and a drop of 2.1 percent over one year, as polled by Dow Jones Newswires.
The deterioration followed a slump in June when sales tumbled 0.9 percent over one month and 3.2 percent over one year.
In the 27-nation EU, retail sales were up 0.1 percent in July from June but fell 1.1 percent over 12 months.
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