+

Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Close
HomeQuizzoneWhatsappShare Flash Reads
 

Eurozone retail sales bombed in June

Aug 5, 2015, 14:33 IST

German Chancellor Angela Merkel pushes a trolley during a presentation of a RFID Radio Frequency Identification based shop at the METRO Group booth during CeBIT computer fair in Hanover March 9, 2006REUTERS/Christian Charisius

Eurozone retail sales missed expectations in June, sinking by 0.6% compared to the previous month.

Advertisement

That leaves sales up just 1.2% compared to the same period last year.

Analysts expected a 0.3% fall in retail sales in June, compared to May, which would have still left them up 1.9% year-on-year.

Eurozone retail sales bounced as the year began, partly driven by the slump in oil prices seen around the world, and economists have debated whether the upswing can continue.

NOW WATCH: You've been rolling your shirtsleeves wrong your entire life

Please enable Javascript to watch this video
Next Article