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Annual euro zone retail sales jump by 5%

Eurostat said retail sales in the euro zone rose by 0.3% month-on-month in February for a 5% year-on-year increase
Eurostat said retail sales in the euro zone rose by 0.3% month-on-month in February for a 5% year-on-year increase

Euro zone retail sales jumped slightly more than expected year-on-year in February with automotive fuel and non-food products driving the growth, data showed today.

The European Union's statistics office Eurostat said retail sales in the 19 countries sharing the euro rise 0.3% month-on-month in February for a 5% year-on-year increase.

Economists polled by Reuters had expected a 0.6% monthly rise and a 4.8% annual gain.

Eurostat said petrol sales rose 3.2% on the month for a 12.0% year-on-year increase while sales of non-food products rose 0.8% on the month for a 9.3% annual gain.