Euro area retail sales recovered in September despite the record inflation dampening the spending power and consumer confidence, data published by the statistical office Eurostat showed Tuesday.
Retail sales rose 0.4 percent from August, when they stagnated, which was revised from a 0.3 percent fall. The increase was in line with economists' expectations.
The small rise in retail sales in September is unlikely to be a turning point for consumption, ING economist Bert Colijn said. The economist expects consumption to contract in the current and coming quarter, followed by a very modest recovery.
For comments and feedback contact: editorial@rttnews.com
Business News
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.