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Eurozone Retail Sales Fall More Than Expected In June

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Eurozone retail sales declined more-than-expected in June, after rising in the previous two months, figures from Eurostat showed Wednesday.

Retail sales fell by seasonally adjusted 0.6 percent month-on-month in June, in contrast to a 0.1 percent slight increase in May, which was revised down from a 0.2 percent climb.

The expected rate of drop was 0.2 percent. In April, sales had risen 0.7 percent.

Sales of food, drinks and tobacco decreased 0.8 percent on a monthly basis in June and that for non-food products, except automotive fuel dropped by 0.2 percent.

On an annual basis, retail sales growth eased to 1.2 percent in June from 2.6 percent in the prior month, revised up from 2.4 percent. Economists had expected a 2.0 percent increase for the month.

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