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MNI: EUROZONE DATA: Retail Sales (Apr 2019)..........>

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MNI: EUROZONE DATA: Retail Sales (Apr 2019)
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- EZ retail sales edged down by 0.4% m/m in Apr (Bbg consensus: -0.5%), leaving
the annual rate at 1.5% (its lowest since Dec)
- The monthly drop was the first one this year, following gains of 0.9% & 0.6%
in Jan and Feb respectively, and a flat reading in Mar
- The sharpest m/m declines were registered in Germany (-2.0%), Portugal (-1.0%)
& Spain (-0.7%)...
- ... while gains in Austria (+1.3%), France (+0.4%) & Belgium (+0.3%) helped to
limit the overall EZ contraction
- The weak performance in sales was broad-based, with those of food, drinks &
tobacco declining (-0.4% m/m) for the first time since Nov...
- ... while non-food products (also -0.4% m/m) were down for a second
consecutive month
- The only upward impetus came from a small 0.1% m/m increase in automotive fuel
sales, but this followed declines of 0.5% and 0.7% in Feb & Mar

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