Eurozone retail sales missed expectations in August as consumers cut back on food, beverage and tobacco spending, data showed.
According to Arab Net, the European Union statistics office Eurostat said that retail sales, which is an indicator of consumer demand, in the 19 countries that deal in the euro rose 0.3% on a monthly basis. In August, unchanged from the year 2020
Economists polled by Reuters had forecast a 0.8% monthly increase and a 0.4% year-on-year rise.
Eurostat said sales of food, beverages and tobacco fell 1.7% month-on-month and 1.9% year-on-year, which led to a decline in the general index despite the rise On-demand sales by mail and the Internet.
