Retail trade in the Euro Area fell 0.4 percent from a month earlier in April 2019, after being unchanged in March and matching market expectations. Food, drinks, tobacco sales declined 0.4 percent, reversing a 0.4 percent gain in the previous month; and non-food trade also dropped 0.4 percent, compared to a 0.2 percent decrease in March, dragged by lower sales of mail orders and internet (-3.1 percent vs 2 percent), textiles, clothing, footwear (-1.5 percent vs 0.2 percent), and electrical goods and furniture (-0.6 percent vs 0.6 percent). By contrast, auto fuel sales edged up 0.1 percent, recovering from a 0.7 percent drop in March. Year-on-year, retail trade growth eased to 1.5 percent in April from 2 percent in March. 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 -2.10 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.