Eurozone retail sales grew more-than-expected at the start of the year, recovering strongly from a slump in the previous month, figures from Eurostat showed Wednesday.
Retail sales rose 1.6 percent from December, when they fell 1.3 percent, revised from a 1.6 percent slump. Economists had expected 0.8 percent growth for January.
The latest increase is the biggest since November 2001, when sales grew 1.6 percent.
On a year-on-year basis, retail sales grew 1.3 percent in January, reversing a 0.4 percent fall in December, revised from 1 percent decline. Economists had forecast a 0.2 percent decrease.
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