Eurozone's retail trade rose 0.4 percent from a month earlier in February 2019, following a downwardly revised 0.9 percent growth in January and beating market expectations of 0.2 percent gain. Non-food trade rose 0.9 percent (vs 1.6 percent in January) due to sales of textiles, clothing, footwear (1.9 percent vs -0.6 percent); pharmaceutical and medical goods (1.5 percent vs 0.8 percent); mail orders and internet (0.9 percent vs 2 percent); electrical goods and furniture (0.8 percent vs 1.7 percent); and computer equipment, books and other (0.6 percent vs 3.4 percent). Meanwhile, food, drinks, tobacco trade edged up 0.1 percent, the same pace as in January, while fuel sales dropped 0.7 percent, following a 1.5 percent advance. On a yearly basis, retail trade growth accelerated to 2.8 percent in February from 2.2 percent in January. Retail Sales MoM in the Euro Area averaged 0.09 percent from 1995 until 2019, reaching an all time high of 2.80 percent in October of 1999 and a record low of -2 percent in May of 2011.
Retail Sales MoM in Euro Area is expected to be 0.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Retail Sales MoM in Euro Area to stand at 0.40 in 12 months time. In the long-term, the Euro Area Retail Sales MoM is projected to trend around 0.50 percent in 2020, according to our econometric models.