Retail sales in the Euro Area surged 4.6% mom in May of 2021, following an upwardly revised 3.9% drop in the previous month and slightly higher than market forecasts of a 4.4% rise. It is the biggest increase since June amid the easing of coronavirus restrictions in many countries in May. A rebound was seen in sales of non-food (8.8% vs -6.1% in April) and auto fuel (8.1% vs -1.3%) while sales of food, drinks and tobacco edged down 0.2% (vs -1.7%). Among the biggest economies, sales improved in Germany (4.2% vs -6.8%) and France (9.9% vs -7.1%) but were flat in Spain (vs -0.9%). Year-on-year, retail sales were up 9%. source: EUROSTAT
Retail Sales MoM in the Euro Area averaged 0.11 percent from 1995 until 2021, reaching an all time high of 19 percent in May of 2020 and a record low of -11.60 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 2021.
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. Looking forward, we estimate Retail Sales MoM in Euro Area to stand at 1.00 in 12 months time. In the long-term, the Euro Area Retail Sales MoM is projected to trend around 0.60 percent in 2022 and 0.50 percent in 2023, according to our econometric models.