Euro zone retail sales surprise with robust growth in June
The volume of euro zone retail sales increased much more than forecast in June, in a new sign of the robust domestic consumption that is sustaining output expansion in the 19-country currency bloc, estimates released on Thursday showed.
Retail sales in the euro zone increased by 0.5 percent in June on the month, the European Union's statistics office Eurostat said, well above market expectations of a 0.1 percent rise.
As inflation slowed in June to 1.3 percent, showing little signs of a future rebound, euro zone consumers spent more than in May when retail sales went up by 0.4 percent.
Source: reuters.com
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