Euro-Region September Retail Sales Contract More Than Estimated
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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.