05.03.201805:20:00UTC+00Eurozone Retail Sales Drop Slightly In January

Eurozone retail sales dropped marginally in January, as expected, figures from Eurostat revealed Monday.

The volume of retail trade fell slightly by 0.1 percent month-on-month in January, following December's 1 percent decrease. The rate came in line with expectations.

Sale of food, drinks and tobacco decreased 0.2 percent and non-food products sales fell 0.3 percent.

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.

In the EU28, retail sales decreased 0.1 percent on month in January but grew 2.7 percent from the previous year.