Eurozone retail sales stagnation

The European Statistical Office (Eurostat) has released the retail sales data for the European Union (EU) and Eurozone for April.

Accordingly, while retail sales in the Eurozone remained stable in April compared to March, they decreased by 2.6 percent compared to the same period of the previous year.

Retail sales in the EU increased by 0.1 percent in April compared to the previous month, but decreased by 2.9 percent compared to the same period last year.

Among EU countries, the highest decrease in retail sales in April compared to the previous month was seen in Slovakia with 5.8 percent, Romania with 3.7 percent and Slovenia with 2.4 percent.

Retail sales fell 12.6 percent in Hungary, 10 percent in Estonia and 9.8 percent in Slovakia, on an annual basis.