Euro-Area Retail Sales Growth Slowed in June on Germany, Spain
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European retail sales growth slowed in June, led by decreasing demand from Ireland to Spain and Germany, adding to signs of the euro-region fiscal crisis undermining household spending.
Sales gained 0.1 from May, when they rose 0.8 percent, the European Union’s statistics office in Luxembourg said today. Economists forecast a drop of 0.1 percent, according to the median of 17 estimates in a Bloomberg News survey. From a year earlier, sales dropped 1.2 percent.