Despite inflation easing, Eurozone retail sales remain sluggish

GoldenOctober2024

2024-07-05 11:44:52

On July 5th, Pan Sen Macro Analyst Melanie Debono said that despite inflation easing boosting income, eurozone consumers have not relaxed their wallets. After retail sales fell a month ago, they barely rose in May, below economists' expectations. Debono said that for the entire quarter, sales and consumer spending should rise, but considering the degree of inflation decline, this weak trend is disappointing. She said, 'Commodity spending did not benefit from the recovery in actual income.'

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