Latest data released by Eurostat - 12 April 2021
- Prior -5.9%; revised to -5.2%
- Retail sales -2.9% vs -5.3% y/y expected
- Prior -6.4%; revised to -5.2%
After more subdued January activity, which was also impacted by winter demand, euro area retail sales bounced back a little in February - mostly from non-food sales (+6.8%).
That said, relative to a year ago (pre-COVID), overall conditions are still relatively subdued with non-food sales being down by 5.5% as compared to February 2020 levels.
