May’s 0.2% month-on-month rise in Eurozone retail sales underperformed the 0.3% consensus estimate, signaling softer consumer demand.
Eurozone retail sales increased by 0.2% month-on-month in May, missing the 0.3% growth forecast by economists. The figure reflects a modest rebound in consumer spending after a decline in April.
Analysts had anticipated a stronger recovery following April’s contraction, which saw sales drop by 0.5%. Year-on-year comparisons also showed a 0.1% decline, underscoring persistent weakness in household consumption amid elevated inflation and economic uncertainty.
Markets showed limited reaction, as the data reinforced expectations of subdued growth in the euro area’s second quarter.