Eurozone's retail trade rose by a record 17.8 percent from a month earlier in May 2020, recovering from two consecutive months of record falls and compared to market expectations of a 15 percent jump, as several countries across the region lifted coronavirus-induced lockdown measures. Sales were higher for non-food products (34.5 percent vs -16.7 percent in April), led by textiles, clothing, footwear; electrical goods and furniture; computer equipment, books and other; mail orders and internet; and pharmaceutical and medical goods. In addition, food, drinks, tobacco trade advanced by 2.2 percent (vs -5.9 percent in April) and automotive fuel sales climbed 38.4 percent (vs -28.8 percent in April).
Retail Sales MoM in the Euro Area averaged 0.08 percent from 1995 until 2020, reaching an all time high of 17.80 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 August of 2020. source: Eurostat
Retail Sales MoM in Euro Area is expected to be -1.60 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 0.90 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.