Retail sales in the Euro Area sank 1.2% month-over-month in June of 2022, the biggest decline so far this year and much worse than market forecasts of a flat reading. It follows a small 0.4% rise in May, as high consumer prices, borrowing costs and low confidence weigh on consumer spending. Retail sales data for the Euro Area is already adjusted for inflation. Sales fell for both food, drinks and tobacco (-0.4%, a third consecutive monthly drop) and non-food (-2.6%, also a third straight fall), with auto fuel declining 1.1%. Year-on-year, retail sales dropped 3.7%, much more than market forecasts of a 1.7% fall. source: EUROSTAT
Retail Sales MoM in the Euro Area averaged 0.11 percent from 1995 until 2022, reaching an all time high of 19.50 percent in May of 2020 and a record low of -11.40 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 2022.
Retail Sales MoM in Euro Area is expected to be -0.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Euro Area Retail Sales MoM is projected to trend around 0.60 percent in 2023 and 0.50 percent in 2024, according to our econometric models.