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MNI DATA BRIEF: Eurozone Retail Sales At Near 1-Year High

LONDON (MNI)

Eurozone May retail retail sales rose to the highest level since June 2020 by 4.6%, more than reversing a 3.9% decline seen in April and outpacing expectations for a 4.0% m/m gain.

Food sales declined at a slower pace of 0.2% in May, while sales of non-food products increased sharply, up 8.8%, after decreasing 6.1% last month. Fuel sales rebounded as well, surging to 8.1% following two consecutive months of decline. Annual sales slowed to 9.0% in May, after jumping to 23.3% in April due to base effects.

Among the member states, France (+9.9%), the Netherlands (+9.3%) and Estonia (+8.1%) recorded the largest m/m gains, while Latvia (‑3.9%), Finland (‑3.3%) and Luxembourg (‑0.7%) saw the biggest declines.

MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
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MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
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