Eurozone's retail trade tumbled 11.2 percent from a month earlier in March 2020, the largest decline since comparable series began in 1995 and compared to market expectations of a 10.5 percent plunge, as the coronavirus crisis led to restriction measures that forced businesses to close and consumers to stay at home. Sales of automotive fuel plummeted 20.8 percent (vs -1.2 percent in February) and non-food products trade slumped 23.1 percent (vs -0.4 percent in February) led by textiles, clothing, footwear; electrical goods and furniture; computer equipment, books and other; and pharmaceutical and medical goods. Online sales rose at a slower pace. Food, drinks, tobacco trade jumped 5.0 percent, following a 2.5 percent increase in the previous month.
Retail Sales MoM in the Euro Area averaged 0.06 percent from 1995 until 2020, reaching an all time high of 2.80 percent in October of 1999 and a record low of -11.20 percent in March of 2020. This page provides the latest reported value for - Euro Area Retail Sales MoM - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Euro Area Retail Sales MoM - data, historical chart, forecasts and calendar of releases - was last updated on May of 2020. source: Eurostat
Retail Sales MoM in Euro Area is expected to be -1.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Retail Sales MoM in Euro Area to stand at 1.00 in 12 months time. In the long-term, the Euro Area Retail Sales MoM is projected to trend around 0.40 percent in 2021 and 0.50 percent in 2022, according to our econometric models.