Economic news

Euro zone’s annual retail sales grow exceeding forecasts in September

Annual retail sales in the euro zone grew beating forecasts in September, while the reading of August was upped after revision as well, pointing to a robust demand, particularly from online customers, even though economic expansion paces down, today’s figures say.

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According to Eurostat, retail sales in the single currency member-states remained at the previous level month-on-month for a 0.8% annual rise.

The region’s economic expansion eased to 0.2% compared to the preceding quarter with its 0.4% in the July-September period, Eurostat’s tentative figures of late October show.

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