Latest data released by Eurostat - 3 September 2021
- Prior +1.5%
- Retail sales +3.1% vs +4.8% y/y expected
- Prior +5.0%; revised to +5.4%
Euro area retail sales surprisingly slumped in July, pulled lower by a sharp fall in the number of goods bought online.
Internet and mail order sales fell the most, down 7.3% on the month, while sales of automotive fuel also dropped by 1.6% and sales of food declined 0.7% on the month.
That's a bit of a bummer but relative to a year ago, retail sales are still much stronger.
