Eurozone retail sales dropped sharply by -5.9% mom in January, worse than expectation of -1.1% mom. Volume of retail trade decreased by -12.0% mom for non-food products and by -1.1% mom for automotive fuels, while it increased by 1.1% mom for food, drinks and tobacco.
EU retail sales dropped -5.1% mom. Among Member States for which data are available, the largest decreases in total retail trade were registered in Austria (-16.6% mom), Ireland (-15.7% mom) and Slovakia (-11.1% mom). The highest increases were observed in Sweden (+3.5% mom), Bulgaria (+1.8% mom) and Estonia (+1.7% mom).
