Increase in EU retail sales exceeds expectations in March

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Retail sales in the 19 countries using the euro jumped 2.7% in March over the previous month

Retail sales by euro area rose more than expected in March, data showed on Thursday, indicating pent-up consumer demand as lockdowns decrease.

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European Union statistics agency Eurostat said on Thursday that retail sales in the 19 countries using the euro jumped 2.7% in March over the previous month, with a 12.0% gain on an annual basis.

Economists polled by Reuters had expected a monthly gain of 1.5% and an annual increase of 9.6%.

Sales were driven mainly by the demand for non-food products excluding automotive fuels, with a 4.6% jump in March over February and a 25.0% increase over the previous year. Online shopping increased 37.2% year on year, Eurostat said.

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palheta smll Increase in EU retail sales exceeds expectations in March

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