Eurozone retail sales fall -0.5% mom, food and fuel drag

Eurozone retail sales fell -0.5% mom in July, steeper than expectations of a -0.2% mom decline. Food, drinks, and tobacco sales dropped -1.1%, while automotive fuel purchases slumped -1.7%. Non-food sales edged higher by just 0.2%, offering little offset to the overall weakness. Across the broader EU, sales slipped -0.4% mom on the month. The […]

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