Eurozone June Retail Sales Remain Flat As Expected

(RTTNews) - Eurozone retail sales remained flat as expected in June, data from Eurostat showed Wednesday.

Sales remained stable in June from May, when it climbed 0.4 percent. Sales of food, drinks and tobacco edged up 0.1 percent and that of non-food products moved up 0.3 percent.

On a yearly basis, retail sales growth held steady at 1.6 percent in June. But it was slower than the expected increase of 1.8 percent.

In the EU28, retail sales dropped 0.2 percent from May, while it grew 2.4 percent from the same period of last year.

Among member states for which data are available, the highest increases in total retail trade were observed in Romania, Lithuania and Spain. Meanwhile, decreases were observed in Belgium, Malta and Austria.