logo
  

Eurozone Retail Sales Fall Further In August

Eurozone retail sales decreased for the third straight month in August, though at a slower-than-expected rate, data published by Eurostat revealed on Thursday.

The volume of retail sales dropped 0.3 percent month-over-month in August, following a 0.4 percent fall in July, which was revised from a 0.3 percent rise reported earlier. The expected fall was 0.4 percent.

Sales of food, drinks, and tobacco declined 0.8 percent monthly in August, while those of non-food products, except automotive fuel, increased 0.2 percent.

Sales of automotive fuel in specialised stores grew 3.2 percent. At the same time, sales via mail orders and the Internet showed a decline of 3.8 percent.

On a yearly basis, retail sales fell 2.0 percent in August, after a revised 1.2 percent decrease seen a month ago. That was above the 1.7 percent drop expected by economists.

Retail sales in the EU27 edged down 0.2 percent monthly and declined 1.3 percent from the same period last year.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Juul Labs, an e-cigarette maker, said it has reached settlements with more than 5,000 vaping lawsuits in the United States. The cases were related to personal injury, consumer class action, government entity, and Native American tribes. In a statement, the company said it cannot disclose the settlement amount at this time as part of the settlement and court process. Apple Inc. plans to start using American-made processors from the new advanced chip factory in Phoenix, Arizona operated by chip giant Taiwan Semiconductor Manufacturing Co., according to its Chief Executive Officer Tim Cook. At an event in the factory in Arizona, which was attended by U.S. President Joe Biden, it was also announced that TSMC will invest $40 billion in the new factory. Lidl US has recalled its 8.4 oz Favorina branded Advent Calendar, i.e., Premium Chocolate with a Creamy Filling, citing potential Salmonella contamination, the U.S. Food and Drug Administration said. The products were available for sale at Lidl stores between October 12, 2022 and December 5, 2022. They will have a BEST IF USED BY year of 2023, and barcode number of 4056489516965.
Follow RTT