Eurozone's retail trade rose by 4.4 percent from a month earlier in August 2020, following a revised 1.8 percent drop in July and beating market expectations of a 2.4 percent growth, as countries across the region continued to relax COVID-19 containment measures. Non-food products sales rebounded 6.1 percent (vs -4.6 percent in July) boosted by on-line trade (12.4 percent vs -11.2 percent), and sales of textiles, clothing, footwear (7.7 percent vs -3.8 percent) and pharmaceutical and medical goods (3.2 percent vs -0.5 percent). Food, drinks, tobacco trade grew 2.4 percent after being unchanged in July, while automotive fuel sales advanced 2.1 percent, compared to 8.9 percent in the previous month. Year-on-year, retail sales jumped 3.7 percent, the most since November 2017 and above forecasts of 2.2 percent.
Retail Sales MoM in the Euro Area averaged 0.11 percent from 1995 until 2020, reaching an all time high of 20.30 percent in May of 2020 and a record low of -12.10 percent in April of 2020. This page provides the latest reported value for - Euro Area Retail Sales MoM - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Euro Area Retail Sales MoM - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020. source: Eurostat
Retail Sales MoM in Euro Area is expected to be -0.70 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 -0.60 in 12 months time. In the long-term, the Euro Area Retail Sales MoM is projected to trend around 0.60 percent in 2021 and 0.50 percent in 2022, according to our econometric models.