Euro zone retail sales rebound in July, albeit miss estimates

September 3, 2015

Retail sales in the euro area returned to growth in July on a monthly basis, albeit slightly missing estimates, the Eurostat reported on Thursday.

Retail volumes in the 19-nation bloc added 0.4% m/m in the July, after falling downwardly revised 0.2% in the previous month. Economic desks had bet on 0.5% growth in July.

On annual basis, the Retail Sales Index added 2.7%, accelerating from the upwardly revised growth of 1.7% snatched in June. Market consensus had expected a 2.0% upturn in the month. 

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