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Money Eurozone: Record 11.7% drop in retail sales in April

14:55  04 june  2020
14:55  04 june  2020 Source:   pressfrom.com

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Retail Sales YoY in the Euro Area averaged 1.11 percent from 1996 until 2020, reaching an all time high of 6 percent in July of 2000 and a record Eurozone 's retail trade tumbled 9.2 percent from a year earlier in March 2020, the largest decline since comparable series began in 1996 and compared

Headline retail sales nosedived a record 16.4% in April which was much worse than the 12% plunge expected by economists. Bank of America outlined two key reasons for the recent improvement. First, stimulus checks started to get distributed around mid- April through direct deposits which was then

ZONE-EURO-ECONOMY-SALES: Eurozone: Record 11.7% drop in retail sales in April

ZONE EURO: CHUTE RECORD DE 11,7% DES VENTES AU DÉTAIL EN AVRIL © Reuters / HANNAH MCKAY ZONE EURO: RECORD FALL OF 11.7% OF RETAIL SALES IN APRIL

BRUSSELS (Reuters) - Retail sales in the eurozone suffered an unprecedented fall in April, even if it is a little less brutal than expected and none Product category has not been spared due to containment measures in force in many countries, show official statistics released Thursday.

Sales in the 19 countries that have adopted the single currency fell by 11.7% compared to March and by 19.6% over one year, specifies Eurostat.

Economists polled by Reuters predicted an average drop of 15% in one month and 22.3% in annual terms.

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Retail sales slumped a seasonally adjusted 17.7% in April , their biggest on record , from an 8.5% jump in March, data from the Australian Bureau of Statistics (ABS) Analysts are predicting Australia's gross domestic product (GDP) could fall roughly 8% in the current quarter, with the dive in April retail sales

(RTTNews) - Eurozone retail sales dropped marginally in January, as expected, figures from Eurostat revealed Monday. On a yearly basis, retail trade growth accelerated to 2.3 percent from 2.1 percent in December. Sales were forecast to climb 2 percent.

The month-over-month decline is the largest recorded since the start of the statistical series in 1999. By March, it had already reached 11.1%.

The change in annual rates, which had not been negative since 2013 before March, is the worst since 2000. It represents more than four times that recorded in February 2009, the worst month for retail sales of the period of the financial crisis.

The positive point of the statistics published on Thursday is the increase of 10.9% from one month to the next and of 20.9% over one year of sales by mail and online.

Even sales of food, beverages, tobacco, pharmacy and medical products were down from April to March, a month marked by purchases of storage.

The most marked declines were in automotive fuels (-46.9% year-on-year) and the clothing, footwear and textile sector (-63.5%).

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(Philip Blenkinsop, French version Marc Angrand, edited by Blandine Hénault)

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