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07.01.2016 11:12 Eurozone’s retail sales fall 0.3% in November

Eurostat released its retail sales data for the Eurozone on Thursday. Retail sales in the Eurozone fell 0.3% in November, missing expectations for a 0.2% rise, after a 0.2% decline in October. October's figure was revised down from a 0.1% fall.

The decline was mainly driven by lower non-food sales and automotive fuel sales. Non-food sales fell 0.4% in November, while automotive fuel sales declined 0.7%.

Food, drinks and tobacco sales slid 0.1% in November.

On a yearly basis, retail sales in the Eurozone climbed 1.4% in November, missing forecasts of a 2.0% gain, after a 2.4% increase in October. October's figure was revised down from a 2.5% gain.

The annual rise was driven by non-food sales, gasoline sales, and food, drinks and tobacco sales.

Non-food sales gained 1.8% year-on-year in November, gasoline sales increased 1.8%, while food, drinks and tobacco sales rose 0.8%.



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