Retail sales in the euro area remained stable in May compared to the previous month.
The European Statistical Office (Eurostat) has published retail sales data for the European Union (EU) and Eurozone for May.
Accordingly, while retail sales in the Eurozone remained stable in May compared to April, they decreased by 2.9 percent compared to the same period of the previous year.
The expectation was that there would be a decrease of 0.2 percent monthly and 2.7 percent annually.
Among EU countries, the highest decrease in retail sales in May compared to the previous month was determined in Slovenia with 5.3 percent, in Luxembourg with 4.5 percent and in Poland with 3.7 percent.
Retail sales fell 13.4 percent in Slovenia, 12.3 percent in Hungary and 9.6 percent in Estonia on an annual basis.