Retail Sales in Euro Zone Disappointing in July
Economists expectation levels were not met when the retail trade in the euro-zone for the month of July had not grown as anticipated.
Sales of non- food products are thought to be the reason for the rather disappointing volume rise of sales coming in at 0.1%. This has been in sharp contrast to last year which saw a retail sales growth of 0.5% for the month of July.
Economists had expected a better growth for retail when shops offered discounts and because of warm weather.