Euro Zone Retail Sales Rise Slightly in May

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Euro Zone Retail Sales Rise Slightly in May
Credit: © Reuters.

By Scott Kanowsky 

Investing.com -- Euro area retail sales  rose in May, recovering from a decline in the previous month but still below expectations, according to the EU statistics office.

Monthly seasonally adjusted total retail volumes in the currency bloc came in at 0.2%, up from the April reading of -1.4%. Analysts had forecast a rise of 0.4%.

The increase was driven by an uptick in demand for non-food products, which helped to offset a fall in food and automotive fuel sales, Eurostat said.

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