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- Eurozone retail sales rose more than forecast in December
Eurozone retail sales rose more than forecast in December
According to the report from Eurostat, in December 2020, the seasonally adjusted volume of retail trade rose by 2.0% in the euro area and by 1.4% the EU, compared with November 2020. Economists had expected a 1.6% increase in the euro area. In November 2020, the retail trade volume fell by 5.7% in the euro area and by 4.9% in the EU.
In December 2020 compared with December 2019, the calendar adjusted volume of retail trade increased by 0.6% in the euro area and by 0.5% in the EU. Economists had expected a 0.3% increase in the euro area.
The annual average retail trade for the year 2020, compared with 2019, fell by 1.2% in the euro area and by 0.8% in the EU.
In the euro area in December 2020, compared with November 2020, the volume of retail trade increased by 5.1% for automotive fuels, by 1.9% for food, drinks and tobacco and by 1.5% for non-food products (within this category textile, clothing and footwear increased by 12.4%). In the EU, the volume of retail trade increased by 4.0% for automotive fuels, by 1.7% for food, drinks and tobacco and by 0.7% for non-food products (textile, clothing and footwear +10.0%).
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