BRUSSELS (Reuters) – Euro zone retail sales grew less-than-expected in January, Eurostat data showed on Friday, weighed down by weaker fuel sales and lower food and online spending after rising inflation. year to have gone above 5%.
The European Union’s statistics agency Eurostat said retail sales in the 19 countries that use the euro rose 0.2% month-on-month and were up 7.8% year-on-year.
Economists polled by Reuters had expected a monthly rise of 1.3% and a yearly increase of 9.1%.
Food sales were stable in January compared to February, while fuel sales fell 1.3%.
(Reporting by Jan Strupczewski)
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