Euro-Region September Retail Sales Contract More Than Estimated
Euro-area retail sales decreased more than economists estimated in September as a decline in Spain offset gains in Germany and France.
Sales in the 17-nation euro area fell 0.2 percent from August, when they rose 0.2 percent, the European Union’s statistics office in Luxembourg said today. Economists had forecast a decline of 0.1 percent, according to the median of 27 estimates in a Bloomberg News survey. From a year earlier, sales dropped 0.8 percent.
In Spain, retail sales plummeted 7.3 percent from August, when they increased 3.5 percent, today’s report showed. Sales in Germany and France rose 1.5 percent and 0.8 percent, respectively.
The statistics office didn’t report data for Greece, Cyprus or Italy.
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