European consumers continue to spend according to the latest figures for retail sales in February, which showed a larger-then-expected increase especially in clothing as shoppers splurged more than usual on new looks for 2017.
Higher inflation does not appear to have dampened people’s eyes for a bargain, and in the 19 euro area nations sales jumped by 0.7%, more than the half a percent forecast.
Growth figures for January were also revised up, reversing a previously-thought
contraction for the month-on-month figures. Year-on-year growth was revised up to 1.5%.