May retail sales growth fell short of the 0.3% monthly gain expected, following a 0.4% decline in April.
Eurozone retail sales increased 0.2% month-over-month in May, below the 0.3% consensus forecast. The print follows a revised 0.4% drop in April, signaling sluggish consumer demand amid economic uncertainty.
Analysts had anticipated a stronger rebound after April’s contraction, but weak wage growth and persistent inflation likely weighed on spending. Year-over-year comparisons remain subdued, reflecting broader macroeconomic headwinds.
Markets showed limited reaction, as the data reinforced expectations of a gradual recovery rather than a sharp rebound.