Eurozone retail sales volume expanded unexpectedly in February from the prior month, data showed Thursday.
Driven by food and non-food product sales, retail sales grew 0.4 percent on a monthly basis in February, Eurostat reported. Economists were expecting sales to fall 0.5 percent after recovering last month.
Sales growth for January was revised to 1 percent from 1.6 percent. Food sales gained 0.3 percent and non-food product sales advanced 0.8 percent in February.
On a yearly basis, retail sales growth remained unchanged at 0.8 percent after the January's rate was revised down from 1.3 percent. This was the second consecutive rise in retail sales and slightly exceeded the 0.7 percent rise forecast by economists.
by RTTNews Staff Writer
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