This content is not available in your region

Euro zone retail sales slip in August as food, online sales fall

Euro zone retail sales slip in August as food, online sales fall
FILE PHOTO: Customers enter a store announcing 80% discounts downtown in Milan, September 28, 2012. REUTERS/Stefano Rellandini   -   Copyright  Stefano Rellandini(Reuters)
Text size Aa Aa

BRUSSELS (Reuters) – Euro zone retail sales fell for a second consecutive month in August as spending on food and drink and on online and mail orders decreased, data released on Wednesday showed, mirroring in part a steady decline of consumer sentiment.

Retail sales in the 19 countries sharing the single currency slipped by 0.2 percent month-on-month, although were up 1.8 percent year-on-year.

Economists polled by Reuters had expected increases of 0.2 percent during the month and of 1.7 percent year-on-year after July’s decline of 0.6 percent month-on-month and rise of 1.0 percent from a year earlier.

The figures partially mirror a steady weakening of consumer sentiment since hitting a 17-year high at the start of 2018.

The month-on-month decline resulted from a 2.3 percent fall in mail order and internet sales, along with 0.3 percent lower purchases of food, drink and tobacco and a 0.6 percent drop for automotive fuel.

By contrast, online and mail order sales were the strongest component of the year-on-year rise, at 4.9 percent, although this was a far lower increase than in previous months.

Sales of textiles and clothing dropped for a fourth consecutive month. Non-food products as a whole were up 2.9 percent.

On a country-by-country basis, retail sales rose most during the month in Portugal, Ireland and Slovenia and fell by most in Latvia, France and Finland.

(Reporting by Philip Blenkinsop)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on for a limited time.