Euro area retail sales dip a tad more than expected in June

Retail sales inside the single currency bloc slipped by a tad more than expected in June.

According to Eurostat, in seasonally adjusted terms, retail sales volumes in the single currency bloc fell at a month-on-month clip of 0.3% in June (consensus: -0.1%).

Sales of food, drinks and tobacco dropped 0.7%, while non-food sales edged lower by 0.1%.

Automotive fuel sales meanwhile rose by 0.5%.

French and Italian retail sales declined by 0.2% and 0.1%, respectively, while in Spain they were up 0.3% and in Portugal by 0.7%.

In Holland meanwhile retail sales plummeted by 1.4%.

No figures were yet available for Germany due to the changeover to new data requirements.

-- More to follow --