Europe August Retail Sales Up 0.3% Month-on-Month... Weaker Than Expected
Eurostat Compilation on the 6th (Local Time)
[Asia Economy Reporter Cha Min-young] Retail sales, an important indicator of consumer spending, in Europe for August showed a weaker performance than initially expected.
On the 6th (local time), Eurostat, the statistical authority of the European Union (EU), announced that European retail sales in August increased by 0.3% compared to the previous month and showed no change (0.0%) compared to the previous year.
Experts had predicted increases of 0.8% month-on-month and 0.4% year-on-year, but both figures fell short of initial expectations.
Hot Picks Today
!["Heading for 2 Million Won": The Company the Securities Industry Says Not to Doubt [Weekend Money]](https://cwcontent.asiae.co.kr/asiaresize/93/2025050713592847164_1746593968.jpg)
"Heading for 2 Million Won": The Company the Securities Industry Says Not to Doubt [Weekend Money]
- Jay Y. Lee Bows His Head: "I Will Face the Harsh Storm"...Apologizes for Samsung Labor-Management Conflict
- "Drink Three Cups of Coffee and Stay Up All Night Before the Test"... Manual of Insurance Planner Who Collected 1 Billion Won in Payouts
- "Anyone Who Visited the Room Salon, Come Forward"… Gangnam Police Station Launches Full Staff Investigation After New Scandal
- "Wearing a Leather Jacket in 30-Degree Heat, Jensen Huang Enjoys Street Food as Beijing's 'Mukbang Star': 'It's Delicious'"
July retail sales were revised to -2.6% month-on-month from the previous -2.3%. The year-on-year figure remained unchanged at 3.1%.
This content was produced with the assistance of AI translation services.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
