ΠΙΕΣΕΙΣ ΣΤΑ ΕΙΣΟΔΗΜΑΤΑ ΤΩΝ ΚΑΤΑΝΑΛΩΤΩΝ
- 30 Apr 2023
- economy
Eurozone retail sales edged lower in February, erasing January's rise, as households showed continued pressure from high inflation and rising interest rates.
In particular, as announced by Eurostat, the turnover of retail sales fell by 0.8% in the Eurozone in February, as predicted by analysts, after the increase of 0.8% it had shown in January.
On an annual basis, retail sales were down 3% this year from the same period in February 2022. However, the reading was better than market estimates, as analysts had expected a 3.5% drop.
At the European Union level, retail sales fell by 0.9% on the month and by 3.1% on the year.
In the individual components of the measure, the largest decrease was observed in retail sales of motor fuels which fell by 1.8% compared to January, while non-food products had a reduced turnover by 0.7% and the category food, alcohol tobacco by 0 .6%.
The biggest drop among countries was in Slovenia with a 10.5% plunge, followed by Hungary and Poland with 2% and Sweden with 1.6%. On the contrary, in Cyprus the turnover increased by 1.6%, in Luxembourg by 0.8% and in Belgium by 0.7%.
