BRUSSELS, Nov 5 (Reuters) - Euro zone retail gross sales declined by greater than anticipated in Se
BRUSSELS, Nov 5 (Reuters) – Euro zone retail gross sales declined by greater than anticipated in September as purchases of all classes fell following a pointy surge in on-line and clothes gross sales in August, knowledge confirmed on Thursday.
Retail gross sales within the 19 international locations sharing the euro fell by 2.0% month-on-month in September for a 2.2% year-on-year achieve, under economists’ expectations of a 1.0% month-to-month drop and a 2.8% annual enhance.
That adopted rises of 4.2% month-on-month and 4.4% year-on-year in August.
The brand new numbers gave a blended image for the third quarter of the 12 months, when COVID-19 restrictions eased in most EU international locations, with a blow-out August sandwiched between weak spot in July and September.
The September gross sales decline was primarily the results of a 7.6% drop in clothes and textile gross sales and a 5.5% decline of mail and web orders, reversing the August development.
Non-food merchandise as an entire suffered a 2.6% slip in September, whereas gross sales of meals, drinks and tobacco dropped 1.4% within the month.
12 months-on-year, textiles and clothes gross sales had been down the sharpest, whereas gross sales {of electrical} items and furnishings and people finished by mail or on-line have gained essentially the most.
For Eurostat launch, click on on:
http://ec.europa.eu/eurostat/information/news-releases
(Reporting by Philip Blenkinsop)
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