Eurozone retail sales up in October on non-food purchases

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People carry bags through Hohe Strasse shopping street as the spread of coronavirus disease (COVID-19) continues in Cologne, Germany on December 1, 2021. REUTERS / Thilo Schmuelgen

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BRUSSELS, Dec 3 (Reuters) – Eurozone retail sales rose as expected in October as consumers spent more on non-food purchases, especially online, Eurostat data revealed on Friday.

Retail sales, an indicator of consumer demand, in the 19 countries sharing the euro, rose 0.2% month-on-month in October and 1.4% year-on-year, announced the statistics office of the European Union.

Economists polled by Reuters had forecast increases of 0.2% and 1.2% respectively.

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With energy prices soaring and coronavirus infections on the rise, leading to further restrictions, consumers are expected to become more cautious in the coming months.

Consumer confidence fell for the second month in a row in November, a European Commission survey revealed on Monday, as households were less optimistic about their intentions for large purchases and the general economic situation. Read more

Eurostat said automotive fuel sales rose 1.3% in October, while food, drink and tobacco sales fell 0.1%. Non-food sales increased 0.4%, including a 3.2% increase in Internet and mail order sales.

Within the euro area, Slovenia and Portugal recorded the largest increases and Latvia, Austria and Estonia the largest decreases.

For Eurostat dissemination, click on:

http://ec.europa.eu/eurostat/news/news-releases

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Reporting by Philip Blenkinsop

Our standards: Thomson Reuters Trust Principles.


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